OPEC Ignites Biggest Short Squeeze In History: Hedge Funds Cut Oil Shorts By Most On Record
August 22, 2016 at 04:51 AM EDT
One can debate whether OPEC's "headline" leaks are timed to coincide with near-record short positions on WTI, one thing is certain: last week saw the biggest crude oil short squeeze on record as money managers cut bets on falling prices.