(Reuters) Hedge funds are betting heavily that crude oil markets will move into a supply deficit and start to draw down excess stockpiles in 2017. Hedge funds and other money managers have amassed net long positions equivalent to 160 million barrels in calendar spread options on the New York Mercantile Exchange (NYMEX).
Fund managers have amassed a net long position equivalent to 80 million barrels in physically settled calendar spread options.
