Trend Riders Max Out on Bullish US Oil Bets for First Time Since 2021

Algorithmic traders, the speculators known for riding trends and accelerating price momentum, have maxed out on bullish US oil bets for the first time in more than four years —...

By Mia Gindis · Bloomberg

Algorithmic traders, the speculators known for riding trends and accelerating price momentum, have maxed out on bullish US oil bets for the first time in more than four years — a move that’s likely to add more volatility to a market being rocked by the war in Iran.