{"id":38019,"date":"2013-09-16T11:06:00","date_gmt":"2013-09-16T15:06:00","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=38019"},"modified":"2013-09-16T11:23:19","modified_gmt":"2013-09-16T15:23:19","slug":"hedge-funds-dump-bullish-bets-on-us-oil","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2013\/hedge-funds-dump-bullish-bets-on-us-oil.html","title":{"rendered":"Hedge Funds Dump Bullish Bets On US Oil As Threat Of Syria War Recedes"},"content":{"rendered":"

\"oil\"<\/a>New York (HedgeCo.Net) – Hedge funds have cut down on their bullish bets on West Texas Intermediate (WTI) crude now that the risk of\u00a0disruption in Middle East oil exports has been diminished, Bloomberg reports.<\/p>\n

\u201cThe last few weeks, the market has been in a Syria-headline-driven bubble,\u201d a source told Bloomberg,\u00a0\u201cNow that the talk has gone from hawkish to dovish, the Syria premium is getting excised from the market.\u201d<\/p>\n

WTI is now at two-week low now that the US and Russia are working together in an effort\u00a0to eliminate Syria\u2019s chemical weapons cache.<\/p>\n

“Money managers reduced net-long positions, or wagers that prices will increase, by 5.2 percent to 290,058 futures and options combined in the seven days ended Sept. 10, the Commodity Futures Trading Commission\u2019s Commitments of Traders report showed Sept. 13. That was the lowest level since July 9.” Bloomberg says.<\/p>\n

In an updated report, the news source said that also falling is\u00a0Brent crude, which:\u00a0“Fell to its lowest in four weeks on signs that the threat of imminent military strikes against Syria is receding as the U.S. pursues a plan to confiscate the nation\u2019s chemical weapons.”<\/p>\n

Alex Akesson
\nFor\u00a0HedgeCo.net<\/a>
\nalex@hedgeco.net<\/a>
\nHedgeCo.Net<\/a>\u00a0is a premier\u00a0hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0Hedge Funds<\/a>!<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

New York (HedgeCo.Net) – Hedge funds have cut down on their bullish bets on West Texas Intermediate (WTI) crude now that the risk of\u00a0disruption in Middle East oil exports has been diminished, Bloomberg reports. \u201cThe last few weeks, the market […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16044,3],"tags":[],"class_list":["post-38019","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-strategies-2","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=38019"}],"version-history":[{"count":7,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38019\/revisions"}],"predecessor-version":[{"id":38021,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38019\/revisions\/38021"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=38019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=38019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=38019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}