| From Bloomberg: Hedge funds sold gasoline at the fastest pace since October 2006, dumping 57 percent of their bets on concern Europe’s debt crisis will hurt energy demand.
Speculative net-long positions in gasoline futures and options on the New York Mercantile Exchange tumbled to 14,228 in the week ended May 25, the lowest level since February 2007, according to the Commodity Futures Trading Commission’s Commitments of Traders Report on May 28...........................................Full Article: Source
|