The Two Forces In Oil Markets That Keep Money Managers Awake At Night

Oil prices have struggled for direction over the past week, torn between the two key fundamental forces—weakening global oil demand growth and uncertainties over supply. So have hedge funds and other money managers whose speculative positioning in the oil market has seen little overall change in the net position since June, despite weekly fluctuations in buying or selling in the six month important petroleum futures contracts. Hedge funds continue to diverge over where oil prices are going next, as concerns about faltering demand are countering…