JOHN KEMP: Oil funds turn bullish on rising Middle East conflict
Money managers buy the equivalent of 37-million barrels in the six most important petroleum-related futures and options contracts
09 April 2024 - 05:00
London — Portfolio investors are increasingly bullish about oil as Saudi Arabia and its Opec+ allies restrict production in the face of rising demand and as the shadow war between Israel and Iran spills into the open.
Hedge funds and other money managers purchased the equivalent of 37-million barrels in the six most important petroleum-related futures and options contracts over the seven days ending on April 2...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.