Hedge Funds Add Bullish Oil Bets at Fastest Pace in a Decade

Hedge funds piled into bullish bets on Brent oil at the fastest pace in almost a decade as fighting between Iran and the US ramped up, dampening investors’ expectations of...

By Mia Gindis and Will Kubzansky · Bloomberg Markets

Hedge funds piled into bullish bets on Brent oil at the fastest pace in almost a decade as fighting between Iran and the US ramped up, dampening investors’ expectations of a sustained recovery in shipping through the Strait of Hormuz.