Alex Longley, Bloomberg, has a piece about investors moving into oil to play the reflation trade… But should this make bulls nervous?:
“Crude has had more reasons to be buoyed so far this year. A huge index rebalancing was expected to see about $9 billion flow into the market last week, as prices rallied to 10-month highs. In addition, weakness in the dollar is spurring renewed talk of a commodities super-cycle. Both JPMorgan and Goldman Sachs recommended boosting exposure to the sector in recent days.”
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