Saturday, December 21, 2024
Hedge funds race to cover crude short positions: Kemp- oil and gas 360

Hedge funds race to cover crude short positions: Kemp

Reuters LONDON – Hedge funds trimmed bearish positions in crude oil last week after Saudi Arabia threatened to punish short sellers and on signs that prices had found a floor after recent weakness. Hedge funds and other money managers purchased the equivalent of 40 million barrels in the six most important petroleum futures and options contracts in the week to

Deadly Armenia-Azerbaijan clashes unlikely to cause an oil spike, analyst says- oil and gas 360

Deadly Armenia-Azerbaijan clashes unlikely to cause an oil spike, analyst says

CNBC Deadly clashes between Armenia and Azerbaijan are unlikely to result in major disruptions to energy production and supplies, analysts say, despite the region being a critical corridor for pipelines transporting oil and gas to the global markets. “There is not really much anticipation that this will boil over into something more serious for oil and commodity markets,” Edward Bell,