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Commodities Briefing - Categorized | Fund Profile, Oil more

Hedge funds cut bullish oil bets to 3-month low

Posted on 02 November 2012

Hedge funds reduced bullish oil bets to the lowest level in almost three months as futures declined and U.S. crude stockpiles increased.
Money managers slashed wagers on rising prices for the fourth time in five weeks, cutting net-long positions by 17 percent in the seven days ended Oct. 23, the Commodity Futures Trading Commission’s Commitments of Traders report on Oct. 26 showed. It was the least since the week ended July 31………………………………………..Full Article: Source


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