BUSINESSJun 22 · 20:58 UTCBLOOMBERGWill Kubzansky, Gabriel Levin

Hedge Funds Piled Into Bearish Oil Bets Ahead of US-Iran MOU

Hedge funds increased bearish oil bets ahead of a US-Iran Memorandum of Understanding (MOU). US crude oil storage in Cushing, Oklahoma, has fallen to its lowest level since 2014 due to surging exports during the Iran war.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned

Hedge FundsorganizationBearish Oil BetstopicUS-Iran MoUtopicCushing, OklahomaplaceUS's largest commercial crude oil storage hubplaceIran wartopic

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