Reported about 20 hours ago
Hedge funds are reversing their long-standing energy strategies by betting against oil stocks and reducing their short positions on solar energy, marking a significant shift in investment patterns. This change reflects concerns about oil supply and demand dynamics amid an anticipated economic slowdown in major markets like the U.S. and China. Meanwhile, renewable energy stocks, particularly solar and wind, are gaining traction as expectations for growth in electric vehicle sales rise, suggesting a growing commitment to low-carbon energy sources.
Source: YAHOO