Hedge Funds Bet Big on Fuels Amid U.S. Supply Crunch
TL;DR Summary
Funds have turned bullish on fuels as a U.S. supply squeeze tightens markets, with hedge funds holding a net long of about 177 million barrels in gasoline and diesel as of Sept. 1. Diesel prices have surged above $5.90/gal and gasoline around $4.15/gal, while inventories remain tight and refinery maintenance looms. Disruptions to Middle East and Russian flows, plus fewer U.S. refiners, suggest relief is unlikely and fuel markets may stay tight as Brent nears $100 and WTI sits in the low-to-mid $90s.
- Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens Crude Oil Prices Today | OilPrice.com
- Americans are footing a $100 billion energy bill from the Iran war CNN
- U.S. Retail Diesel Prices Hit Record High as Global Supply Tightens wsj.com
- ‘Astronomical’ fuel price surge hits farmers in UK and US The Guardian
- Iran war drives $100 billion in extra energy costs for U.S. consumers Axios
Reading Insights
Total Reads
1
Unique Readers
4
Time Saved
21 min
vs 22 min read
Condensed
98%
4,244 → 83 words
Want the full story? Read the original article
Read on Crude Oil Prices Today | OilPrice.com