Year-end hedge fund short-covering failed to lift oil prices

Capt. John

Portfolio investors boosted their petroleum positions in the final two weeks of last year, as some short positions in crude were squared up, but short-covering did little to reverse the downward trend in prices. Hedge funds and other money managers purchased the equivalent of 68 million barrels in...

https://www.hellenicshippingnews.com/year-end-hedge-fund-short-covering-failed-to-lift-oil-prices/

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