Brent crude surges above $80 as conflict and storm spark supply …

Oct 7, 2024 · Hedge funds reverse short positions as market has surged nearly 20% from year-to-date low in the last month The price of crude, which had dropped sharply since early April, gained more than 8% ...

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Brent Crude Surges Above $80 As Conflict And Storm Spark Supply …

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ft.com

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Brent Crude Soars Above $80 As Hedge Funds Reverse Short Bets

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Oct 8, 2024 · Brent crude soars above $80 as hedge funds reverse short bets. October 8, 2024 ... Brent crude jumped another 3.7% on Monday to close at $80.93 a barrel—its highest level …

hedgeweek.com

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Brent Crude Surges Above $80 As Conflict And Storm Spark Supply …

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Brent crude surges above $80 as conflict and storm spark supply fears. Hedge funds reverse short positions as market has surged nearly 20% from year-to-date low in the last month . ...

dur.ac.uk

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Brent Crude Nears $80 As Hedge Funds Reverse Bets

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Oct 7, 2024 · Brent crude nears $80 as hedge funds reverse bets. ... Brent crude, the global oil benchmark, rose as much as 2.4 per cent to hit $79.94 (€72.79) a barrel, as Hamas fired …

irishtimes.com

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Brent Could Hit $80 This Summer As Hedge Funds Lose Steam

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Apr 14, 2019 · Brent Crude is now seen averaging $75 a barrel in 2019, up from the previous call of $69.50, while WTI is expected to average $67 per barrel throughout the year, up from …

oilprice.com

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Brent Crude Nears $80 - Yahoo Finance

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Aug 8, 2024 · Brent crude oil approaches $80 per barrel, driven by supply disruptions in Libya, escalating Middle East tensions, and positive US economic data.

yahoo.com

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Brent Crude Soars Above $80 As Hedge Fund Reverse Short Bets

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Oct 9, 2024 · Brent crude soars above $80 as hedge fund reverse short bets. October 9, 2024: Permanent Link (Hedgeweek) Oil prices surged above $80 per barrel on Monday, driven by …

hedgeco.net

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Brent Crude Rises Above $80 As Hedge Funds Reverse Bets

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Nov 16, 2024 · Brent crude, the global oil benchmark, rose more than 3 per cent to a five-week high of $80.44 a barrel, as Hamas fired rockets at Israel, which launched strikes against …

turnkeywebsitesales.com

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UPDATE 6-Brent Lurks Near $80 As Red Sea Tensions Spur Jitters

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Dec 20, 2023 · Global oil benchmark Brent hovered near $80 a barrel on Wednesday amid jitters over global trade disruption and geopolitical tensions in the Middle East following attacks on …

yahoo.com

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UPDATE 2-Brent Near $80 As US Output Hits Record - Yahoo Finance

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Dec 21, 2023 · Brent crude futures rose 13 cents, or 0.1%, to $79.80 a barrel by 0914 GMT, while U.S. West Texas Intermediate crude was 4 cents higher at $74.26. ... with Brent trading near …

yahoo.com

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Hedge Funds Add Fuel To Oil Price Rally With Bets On Rise Above $100

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Sep 21, 2023 · The latest data showed that the combined fund net long position in Brent and West Texas Intermediate, the US benchmark, jumped by 137,000 contracts, or 35 per cent, to …

ft.com

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Brent Prices To Be Well Supported Near $80/bbl, Says Morgan Stanley

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Aug 25, 2023 · Morgan Stanley expects Brent crude prices to be well supported around $80 per barrel as the oil market is likely to remain in a deficit in the second of half of 2023 before …

reuters.com

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Oil Futures Gain As Money Managers Reverse Positions

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Oct 7, 2024 · The international marker Brent was trading down 34 cents at $77.71 a barrel, while West Texas Intermediate fell by a similar amount and was at $74.13 at 7:38 a.m. in London.

investmentnews.com

FAQs about Brent crude surges above $80 as conflict and storm spark supply … Coupon?

Why did hedge funds add new longs in Brent crude?

In the week to August 27, hedge funds and other portfolio managers added fresh longs in Brent Crude, driven by the halt to part of Libya’s oil production over a political standoff between the rival governments in the east and west. ...

Will Brent crude prices support $80 per barrel in 2023?

Aug 25 (Reuters) - Morgan Stanley expects Brent crude prices to be well supported around $80 per barrel as the oil market is likely to remain in a deficit in the second of half of 2023 before returning to a small surplus next year. ...

Why have hedge funds slashed short-only bets against Brent crude prices?

(Bloomberg) -- Hedge funds fled bearish bets against Brent crude prices at the fastest pace in nearly eight years as war risks ratcheted up. Money managers slashed short-only bets against Brent by 47,977 lots to 91,222, marking the biggest cut since December 2016, according to ICE Futures Europe data. ...

Why did Brent hit $80 a barrel?

LONDON, Dec 20 (Reuters) - Global oil benchmark Brent hovered above $80 a barrel on Wednesday amid jitters over global trade disruption and geopolitical tensions in the Middle East following attacks on ships by Yemen's Iran-aligned Houthi forces in the Red Sea. ...

What happened to Brent crude & West Texas Intermediate?

Brent crude futures were up $1.07, or 1.4%, at $80.30 a barrel by 1449 GMT, while U.S. West Texas Intermediate crude climbed $1.14, or 1.5%, to $75.08 a barrel. The benchmarks closed up more than 1% on Tuesday as major maritime carriers chose to steer clear of the Red Sea route, with longer voyages increasing the cost of transport and insurance. ...

Did hedge fund positioning exacerbate a rise in crude prices?

Exchange and regulatory data suggested hedge fund positioning had exacerbated the near 30 per cent move higher in prices since June, with a surge in buying accelerating in the past two weeks for both Brent and US crude futures. ...