Oil Rally Won't Persist Despite Extreme Long Bets - ValueWalk Premium

Oil Rally Won't Persist Despite Extreme Long Bets

So far, this year has been good to oil and gold, and this has helped investors focusing on commodities. The oil rally witnessed last month seems to have made oil bulls increasingly convinced that this trend will continue. Currently hedge funds have a record net long bet on Brent and WTI futures on the New York and London stock exchanges. As of April 12, the total net long bets on ICE Brent futures amounted to 225,161 contracts, whereas the net long position . . .

This content is exclusively for paying members of ValueWalk Premium

Gain Exclusive Access to the Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with ValueWalk Premium

Get Started Now with a FREE 7-Day Trial


If you are a current ValueWalk Premium member and are having an account error please clear cache and cookies. If that does not work, email [email protected] or click Chat.

Saved Articles