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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (34895)	9/26/2017 2:48:55 PM
From: Goose94	Read Replies (1) of 203541

Crude Oil: back to bull market. Brent crude is getting closer to the all-important (at least psychologically) threshold of $60 per barrel, and oil prices are back in bull market territory. They slipped a bit at the start of trading on Tuesday, but crude markets are demonstrating some of the strongest momentum in years. Hedge funds have ratcheted up bullish bets on crude futures over the past month, pinning their optimism on declining inventories, strong demand, and restraint from OPEC. However, Reuters says that investors could be once again overplaying their hand, with the positioning of hedge funds and other money managers looking overstretched. That raises the odds of a sudden, and potentially sharp, correction back down for oil prices.

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