The Zhitong Finance App learned that global hedge funds, which have the title of “smart money” in the financial market, drastically cut their pure short positions on European diesel, unexpectedly falling to their lowest level in more than two years, while establishing new bullish bets. This indicates that traders expect this historic fuel supply crisis to continue. In the US petroleum commodity futures trading market, hedge funds have significantly increased their bullish positions on US gasoline, Brent crude oil, and West Texas intermediate crude oil (WTI crude oil). In particular, net long bets on US gasoline have risen to the highest level since March 17. These latest deals on hedge fund energy trading can be highlighted. Hedge funds are forming a multi-market energy resonance.

The Zhitong Finance App learned that global hedge funds, which have the title of “smart money” in the financial market, drastically cut their pure short positions on European diesel, unexpectedly falling to their lowest level in more than two years, while establishing new bullish bets. This indicates that traders expect this historic fuel supply crisis to continue. In the US petroleum commodity futures trading market, hedge funds have significantly increased their bullish positions on US gasoline, Brent crude oil, and West Texas intermediate crude oil (WTI crude oil). In particular, net long bets on US gasoline have risen to the highest level since March 17. These latest deals on hedge fund energy trading can be highlighted. Hedge funds are forming a multi-market energy resonance.