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Monday, 20 February 2017

REFILE-COLUMN-Hedge funds bet big on oil as OPEC gives them a free put option: Kemp | Reuters

REFILE-COLUMN-Hedge funds bet big on oil as OPEC gives them a free put option: Kemp | Reuters:

"Hedge funds and other money managers have amassed a very large bullish position in crude oil futures and options without so far having much impact on oil prices. Hedge funds raised their combined net long position in the three main derivative contracts linked to Brent and WTI by another 51 million barrels in the week to Feb. 14. Funds now hold a net long position equivalent to a record 903 million barrels of oil, according to an analysis of records published by regulators and exchanges"



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