Home Breadcrumb caret Industry News Breadcrumb caret Industry Breadcrumb caret Investments Breadcrumb caret Market Insights Hedge funds bearish on oil Hedge funds are calling for a further drop in oil prices, says the U.S. CFTC. 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 Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo