Fund activity in oil… Kemp

by Jim Colburn • Tuesday, September 11, 2018

John Kemp, Reuters, has this to say about fund activity in oil markets:

”Hedge funds and other money managers raised their combined net long position in the six most important petroleum futures and options contracts by 47 million barrels in the week to Sept. 4.

Fund managers have boosted their net long position by 172 million barrels in the last two weeks, after cutting it by 508 million barrels since April 17, according to regulatory and exchange records.”

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