Oil investors cut positions to record low amid financial market meltdown

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 25 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 177%
  • Publisher: 66%

Canadian News ニュース

Canada News,Breaking News Video,Canadian Breaking News

Holdings drop to the lowest level for at least a decade early last week

Investors cut their petroleum positions to the lowest level for at least a decade early last week, part of a broad-based retreat from risk amid rising concerns over a global economic slowdown.

The most recent week saw sales across the board in Brent , NYMEX and ICE WTI -31 million), European gas oil , U.S. diesel and U.S. gasoline . The speed, scale and breadth of selling was consistent with a broad risk-off move across asset markets as well as concerns about a slowdown in the major economies and deterioration in the outlook for oil consumption.

With positions now extremely bearish, the recession-on trade in the oil market has become crowded and vulnerable to reversal.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 31. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し