Oil buying fades as risks shift to downside

Oil buying fades as risks shift to downside
WESPECH PTE LTD
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26.01.2021

MOSCOW (MRC) -- Hedge funds purchased petroleum derivatives for the 11th consecutive week, but the buying impulse that started with the announcement of successful coronavirus vaccines appears to be fading, said Hydrocarbonprocessing.Hedge funds and other money managers bought the equivalent of 17 million barrels in the six most important petroleum futures and options contracts in the week

Full article at mrcplast.com

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