Hedge Funds Increase Bullish Oil Bets Amid Rising Iran Tensions
Market Intelligence Analysis
AI-PoweredHedge funds have increased bullish bets on crude oil to the highest levels in months due to rising Iran tensions, pushing energy markets towards supply-focused trading.
Market impact analysis based on bullish sentiment with 90% confidence.
Article Context
Money managers have increased bullish wagers on crude oil to the highest levels in months, with renewed geopolitical risk tied to Iran pushing energy markets back toward supply-focused trading, according to Bloomberg. Hedge funds increased net-long Brent crude positions by more than 31,000 contracts in the week ending February 3, lifting total long positions to nearly 278,000 lots, the highest level in roughly ten months. Data from the Commodity Futures Trading Commission shows that money managers also raised net-long positions in WTI crude to…
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