Hedge fund managers have been reducing their net-long oil positions at a record pace as investors predict oil prices will fall back below $50 a barrel.
Hedge funds have cut their net-long position by a combined 153 million barrels across two benchmark oil contracts, the largest one week reduction on record, according to the Financial Times. Last month,...
Working in London and Geneva
Staunch value investor
Effective 24 September
Latest edition of the print magazine online
Four-part Big Question special