Reported 4 days ago
Bullish oil bets surged to a four-month high as investors prepare for potential market shifts with Donald Trump's anticipated return to the White House. According to the Commodity Futures Trading Commission, money managers raised their net-long positions in West Texas Intermediate by over 21,000 lots in late December. Despite concerns over supply glut and weak demand from China, traders are looking to capitalize on possible price increases amidst ongoing geopolitical tensions.
Source: YAHOO