Hedge funds cut bullish crude bets by the most since June as the US and Iran struck rare de-escalatory notes, positioning them to profit from the selloff after the Democratic sweep of Congress.
Hedge Funds Fled Bullish Oil Bets Ahead of Election Day Drop
Hedge funds cut bullish crude bets by the most since June as the US and Iran struck rare de-escalatory notes, positioning them to profit from the selloff after the Democratic sweep of Congress.
This article was originally published by
Bloomberg Markets
and is republished here under license.
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