Doha Failure Exposes Hedge Funds That Were Betting on Oil Freeze
- Output talks fail amid Saudi demands that Iran join freeze
- Crude up more than 30% after mid-February preliminary deal
Oil Declines as Doha Output Deal Fails
This article is for subscribers only.
Hedge funds really wanted the Doha oil summit to work.
Money managers kept wagers on rising prices near a nine-month high in the days leading up to Sunday’s meeting of oil producers.