Oil Bulls Lose Faith in Recovery as Russia Adds to Glut

Updated on
  • Russia boosts output to post-Soviet high in September
  • Hedge funds cut net-long positions for first time in 6 weeks

Oil Producers Moving to Balance Production, Demand

Hedge funds trimmed bullish oil bets for the first time in six weeks, losing faith in a swift recovery as Russia boosted output to the highest since the Soviet Union collapsed.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.