Hedge Funds Fled Bullish Oil Bets Ahead of Election Day Drop

Hedge funds cut bullish crude bets by the most since June as the US and Iran struck rare de-escalatory notes, positioning them to profit from the selloff after the Democratic...

By Lorelei Smillie and Mia Gindis · Bloomberg Markets

Hedge funds cut bullish crude bets by the most since June as the US and Iran struck rare de-escalatory notes, positioning them to profit from the selloff after the Democratic sweep of Congress.