Tag Archives: bearish call at 85-year supply high

Oil speculators make ’easy’ bearish call at 85-year supply high

Hedge funds placed the most bets on falling oil prices since July as rising piles of crude dashed hopes of a near-term recovery. Money managers’ short position in West Texas Intermediate crude jumped by 18 percent in the week ended Oct. 20, the largest surge since July 21, according to data from the Commodity Futures Trading Commission. That pulled their ... Read More »