Hedge Funds Throw Record Bets on Rising Gasoline Prices - Bloomberg:
"Money managers are going all in on gasoline.
Hedge funds boosted bets on rising gasoline prices to the highest on record. That’s as futures for the motor fuel jumped to the highest since August amid robust demand and inventories hovering near their lowest since January.
“We are heading into the driving season and the market has tightened rather nicely,” said Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts. “People are gambling that the strong economy will yield a very strong driving season and that may stress out the refining sector.”"
'via Blog this'
No comments:
Post a Comment