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Commodities Briefing - Categorized | Financial, Oil, Trading more

Bullish oil bets may drop as traders take profits, Barclays says

Posted on 30 November 2010

From Bloomberg: Traders betting on rising oil prices may close their positions through the end of the year as crude’s decline from almost $90 a barrel prompts them to sell contracts, Barclays Capital said.
While investors may continue to liquidate bets, U.S. demand is likely to prevent that from causing prices to drop as much as they did in August amid a similar sell-off, according to a report today by Kevin Norrish and Roxana Mohammadian Molina, London-based analysts at Barclays……………………………………….Full Article: Source


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