Oil traders lose faith in recent rally, position for lower prices

Oil traders lose faith in recent rally, position for lower prices
14 April 2016, Singapore — Oil traders have ramped-up their bets in the futures and options market that April’s rally will run out of steam as the outlook for demand weakens and with few clear signs of an end in sight to a supply glut. While prices for front-month delivery Brent crude futures rallied by […] More »
Oil traders lose faith in recent rally, position for lower prices Oil traders lose faith in recent rally, position for lower prices Reviewed by Crude Oil Facilitators on 17:38 Rating: 5

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