Portfolio investors sold petroleum heavily for the third week running as fears about disruption to crude oil flows from the price cap on Russia’s exports receded.
Hedge funds and other money managers sold the equivalent of 42 million barrels in the six most important oil-related futures and options contracts over the seven days ending on Nov. 29.
In the latest week, sales were again concentrated in crude , especially Brent , with only insignificant changes in other contracts. Bullish long positions outnumbered bearish short ones in Brent by a ratio of just 2.17:1 , down from 6.74:1 in late October . Fears the price cap would reduce global crude supplies appear to have prompted a wave of buying in both physical and paper markets throughout late September and early October.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Column: The end of 'harmless' recreational drug experimentationIllicit fentanyl is a scourge. It has poisoned the street drug supply and killed thousands of unwitting people.
Read more »
Column: The San Francisco Republican who spread Pelosi attack conspiracies gets rewarded by GOP'Throwing in with Trump and other political rogues has apparently been good for Dhillon’s livelihood,' writes columnist Mark Z. Barabak. 'Whether it’s benefited the Republican Party is another question.'
Read more »
Column: Nick Canepa's Chargers grades vs. Las Vegas RaidersUnion-Tribune columnist Nick Canepa grades the Chargers after their 27-20 loss Sunday against the Las Vegas Raiders on the road.
Read more »
Column: Bengals are Super Bowl threats once againBengals beat the Chiefs for the third time in 2022. Physical playmaking was a theme once again.
Read more »
Column: A tale of two leaksSome leaks are justified and some are not. We ought to keep that in mind before we punish the perpetrators.
Read more »
When Art Breaks Your Heart: How ‘The Fabelmans’ Captures Creative Obsession (Guest Column)“Art will break your heart.” This is the central message underscoring “The Fabelmans,” Steven Spielberg’s beautiful semi-autobiographical coming-of-age film. Sammy Fabelman gets that ba…
Read more »