Hedge Funds Turn Most Bearish on US Gasoline in Five Years
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Hedge funds and money managers boosted bearish bets against US gasoline to the highest in more than five years as worries about oversupply grow.
Short-only positions in Nymex gasoline rose 4,867 lots to 34,772, the highest since January 2019, according to weekly Commodity Futures Trading Commission data. That brought the investors’ net-long position to the smallest in about eight months.