Hedge funds add to length in energy markets… Kemp

October 1, 2018 by Jim Colburn Leave a Comment

John Kemp’s weekly summary of the CFTC Committment of Traders report, here, shows hedge funds adding length… The “as of” date is the 25th, so the chart does not include more recent action… (presumably, more length was added)… Here is Kemp:

”Hedge fund managers are increasingly betting Saudi Arabia and its allies cannot or will not replace all the crude lost from the market when U.S. sanctions on Iran go into effect fully from November.

Hedge funds and other money managers increased their combined net long position in the six major petroleum contracts by another 50 million barrels in the week to Sept. 25.”

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