{"id":307756,"date":"2019-12-30T11:37:40","date_gmt":"2019-12-30T06:07:40","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=307756"},"modified":"2019-12-30T11:46:05","modified_gmt":"2019-12-30T06:16:05","slug":"hedge-funds-stay-bullish-on-oil-amid-trade-truce-opec-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hedge-funds-stay-bullish-on-oil-amid-trade-truce-opec-cuts\/","title":{"rendered":"Hedge funds stay bullish on oil amid trade truce, OPEC+ cuts"},"content":{"rendered":"<p>Hedge funds are approaching the end of the year more optimistic on global oil prices than they\u2019ve been since May. <\/p>\n<p>Their net-bullish wagers on Brent crude climbed for the ninth week in 10, reaching a seven-month high, data released Friday show. <\/p>\n<p>The U.S.-China trade truce and OPEC\u2019s commitment to deeper cuts have pushed futures to their highest since an attack on Saudi facilities in September. But skepticism is also creeping in, with short-selling increasing the most since October. <\/p>\n<p>\u201cIt\u2019s a disaster waiting to happen,\u201d said Bob Yawger at Mizuho Securities USA. \u201cWe\u2019re seeing the largest net-long speculative position\u201d in both West Texas Intermediate and Brent in seven months, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hedge funds are approaching the end of the year more optimistic on global oil prices than they\u2019ve been since May. Their net-bullish wagers on Brent crude climbed for the ninth week in 10, reaching a seven-month high, data released Friday show. The U.S.-China trade truce and OPEC\u2019s commitment to deeper cuts have pushed futures to their highest since an attack on Saudi facilities in September. But skepticism is also creeping in, with short-selling increasing the most since October. \u201cIt\u2019s a disaster waiting to happen,\u201d said Bob Yawger at Mizuho Securities USA. \u201cWe\u2019re seeing the largest net-long speculative position\u201d in both [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-307756","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/307756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=307756"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/307756\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=307756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=307756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=307756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}