Hedge funds bearish on oil

By Staff | January 26, 2015 | Last updated on January 26, 2015
1 min read

Data from the U.S. Commodity Futures Trading Commission finds hedge funds are calling for a further drop in oil prices, reports Bloomberg.

Last week, it adds, the CFTC found “money managers increased short positions in West Texas Intermediate crude to the highest level [recorded] since September 2010.” As well, net-long positions slipped.

Read: Demand for oil will drop in Q2

Read more on how crude supply is rising. Also check out:

Will oil prices keep plummeting?

Don’t give up on Canada

Falling oil prices may hobble federal tax cuts

Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.