Hedge funds bearish on oil

Date: Tuesday, January 27, 2015
Author: Advisor.ca

Data from the U.S. Commodity Futures Trading Commission finds hedge funds are calling for a further drop in oil prices, reports Bloomberg.

Last week, it adds, the CFTC found “money managers increased short positions in West Texas Intermediate crude to the highest level [recorded] since September 2010.” As well, net-long positions slipped.