ARCH-bear-market-stock-listing

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

Originally published on Advisor.ca

Add a comment

You must be logged in to comment.

Register on Advisor.ca