Friday, October 11, 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

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