Hedge Funds Piled Into Bearish Oil Bets Ahead of US-Iran MOU
Hedge funds boosted bearish bets on US crude to the most in nearly five months on expectations that a preliminary peace deal between Washington and Tehran will boost Middle East...
By Will Kubzansky, Gabriel Levin · Bloomberg Markets
Hedge funds boosted bearish bets on US crude to the most in nearly five months on expectations that a preliminary peace deal between Washington and Tehran will boost Middle East oil flows through the Strait of Hormuz.