Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
😵💫Hedge Funds Sell Off Winning Energy Stocks to Buy Soaring Oil With energy stocks trading near all-time highs and oil climbing as well, hedge funds think they’ve found a trade to capitalize: Sell the shares and pour the profits into buying more crude. Hedge funds have been… https://t.co/RIgbSLS7EG
Hedge Funds Sell Off Winning Energy Stocks to Buy Soaring Oil Goldman data show energy share allocations well below normal Macro funds ‘are already pretty long crude,’ CIBC’s Babin says #oott https://t.co/Qe43wG13aK
With energy stocks trading near all-time highs and oil climbing, hedge funds think they’ve found a trade to capitalize: Sell the shares and pour the profits into buying more crude https://t.co/kPOuW92l3D
Hedge funds are selling US Energy stocks and increasing their positions in commodities like crude oil. Goldman Sachs' commodities strategists do not foresee significant oil price increases. Energy stocks are at all-time highs, prompting hedge funds to shift investments towards crude oil.