23.03.2011 - Hedge funds ditch oil
Although WTI crude oil has bounced back to $100 a barrel today, hedge funds have begun to decrease exposure over fears that the Japanese earthquake will cut demand, at least in the short term. Following the devastating earthquake in Japan on March 11, the latest data from the US Commodity Futures Trading Commission shows the largest weekly decline in long positions since May 2010. From March 8 to March 15, hedge fund net long positions in oil decreased 13%..............................................Full Article: Source
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