COLUMN-Hedge funds accelerate oil buying: Kemp | ZAWYA MENA Edition:
Investors bought crude oil futures and options at the fastest rate for almost six months in the week to Feb. 12.
Hedge fund managers are becoming steadily more bullish on the outlook for oil prices as Saudi Arabia makes deep cuts in production, sanctions hit Venezuela and Iran, and the U.S. and China inch towards a trade deal.
Hedge funds and other money managers were net buyers of 32 million barrels of Brent crude futures and options in the week to Feb. 22, according to position records published by ICE Futures Europe.
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