Hedge funds purchased crude futures and options at the fastest rate for six months as portfolio managers became increasingly confident OPEC+ will postpone scheduled output increases until demand is stronger. The equivalent of 55 million barrels was purchased by hedge funds and other money managers in the six most important petroleum futures and options contracts …
The post Funds buy crude on expected delay to OPEC+ output increase: Kemp first appeared on Hellenic Shipping News Worldwide...
https://www.hellenicshippingnews.com/funds-buy-crude-on-expected-delay-to-opec-output-increase-kemp/