Sentences with phrase «bets on crude oil»

Hedge funds and other money managers have stepped up their short bets on crude oil ahead of the OPEC meeting, covering against a steep downfall in prices should OPEC fail to come to terms.

That's Taylor Muckerman talking to Sean O'Reilly about why hedge funds are betting on crude oil falling below $ 50 per barrel.

Not exact matches

Bets on rising crude prices are close to a near - record high,» PVM Oil Associates strategist Stephen Brennock said.

Last year, funds that bet on an oil - price recovery were hit as crude in June fell to $ 42.05, the low for the year.

Then, in 1997, when crude was priced below $ 20 per barrel, he decided to make a huge bet on oil.

Oil would be the knee - jerk bet to hedge against an escalation in the region, and sure enough crude prices are on the rise recently, but the questionable fundamentals in the energy segment could steer capital towards the traditional safe - haven of gold and the Yen.