03.03.2016 - Hedge Funds Turn Bullish on Oil Despite Glut
Several hedge funds are starting to bet that assets in the battered energy sector are through the worst of their dismal run. Oil is down nearly 70% since June 2014, and analysts say there are few signs that the global oversupply of crude will soon abate. But some hedge-fund managers have recently started betting on rising oil prices, or picking up the stocks or credit of battered energy companies in the belief that prices have dropped too far...............................................Full Article: Source
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