Monday, March 10, 2025
Funds buy WTI in bet worst is over for oil: Kemp- oil and gas 360

Funds buy WTI in bet worst is over for oil: Kemp

Reuters LONDON – Hedge funds and other money managers bought petroleum derivatives last week in the cautious hope the industry may have passed the worst point of the coronavirus-induced lockdowns. Money managers purchased the equivalent of 41 million barrels in the six most important petroleum futures and options contracts in the week ending on April 28, exchange and regulatory records