Funds sell oil on fears of virus-driven economic double dip: Kemp – EnerCom Inc.

Funds sell oil on fears of virus-driven economic double dip: Kemp – EnerCom Inc.

Reuters (John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Hedge funds sold petroleum last week as the rising number of coronavirus cases in the United States and Europe fueled fears of a double-dip recession hitting oil consumption. Source: Reuters Hedge funds and other money managers sold the equivalent […]

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