Hedge Funds Piled Into Bearish Oil Bets Ahead of US-Iran MOU (opens original article in a new tab)

Hedge funds increased bearish bets on US crude oil, reaching the highest level in nearly five months, as expectations of a US-Iran peace deal could boost oil flows through the Strait of Hormuz.

• Hedge funds increased bearish bets on US crude oil
• Bets reached the highest level in nearly five months
• Expectation of a US-Iran peace deal could increase oil flows through the Strait of Hormuz