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Published 13 days ago

Hedge Funds Trim Bets On Oil As US Economic Data Restrain Prices

Summary by Bloomberg
(Bloomberg) -- Hedge funds trimmed bets on Brent and West Texas Intermediate crude as a relatively quiet week in the Middle East and weak US economic data weigh on prices. Money managers trimmed their net-long positions on the two grades by 63,403 lots to 459,273 lots in the week ending April 23, a six-week low, according to weekly ICE Futures Europe and CFTC Futures data. While Israel launched a strike on Iran that week, Iran’s media downplayed…

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Hedge Funds Trim Bets On Oil As US Economic Data Restrain Prices

(Bloomberg) -- Hedge funds trimmed bets on Brent and West Texas Intermediate crude as a relatively quiet week in the Middle East and weak US economic data weigh on prices. Money managers trimmed their net-long positions on the two grades by 63,403 lots to 459,273 lots in the week ending April 23, a six-week low, according to weekly ICE Futures Europe and CFTC Futures data. While Israel launched a strike on Iran that week, Iran’s media downplayed…

13 days ago·United States
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