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Commodities Briefing - Categorized | Fund Profile, Oil, Price Watch more

Hedge funds bet oil prices to rise past $150

Posted on 09 March 2011

From Ninemsn.com.au: Hedge funds are placing aggressive bets that crude prices could rise past $150 a barrel if the unrest in the Middle East spills over into Saudi Arabia, the world’s top oil exporter.
The number of call options giving holders the right to buy US crude at $150 by June have surged more than 40 per cent in the past week to contracts equal to 32m barrels……………………………………….Full Article: Source


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