Latest news with #MoneyManagers
Bloomberg
3 days ago
- Business
- Bloomberg
Hedge Funds Rush Into Oil Short Bets as OPEC Supply Risk Looms
Hedge funds loaded up on the most bearish bets against Brent crude since October as the market braced for a fresh injection of OPEC+ supply. Money managers upped their short-only bets on Brent by 16,922 lots to 130,019 lots in the week ended May 27, the most in eight months, according to figures from ICE Futures Europe. At the same time, short-only bets against West Texas Intermediate rose to a three-week high, data from the Commodity Futures Trading Commission show.
Bloomberg
09-05-2025
- Business
- Bloomberg
Hedge Funds Soured on Oil as OPEC Agreed to Bumper Supply Hike
Hedge funds turned the least bullish on Brent crude in about six months as OPEC+ agreed to a second major production increase, inflaming concerns that the extra supply could lead to a global glut. Money managers reduced their net-long position on Brent by 12,383 lots to 97,558 lots in the week ended May 6, the lowest since October, weekly ICE Futures Europe data on futures and options show. Short-only bets against West Texas Intermediate rose by the most since March, according to the Commodity Futures Trading Commission.
