Sep
17
Hedge Funds Bet on Fuels Over Crude as Hurricane Trade Persists
By-
Wagers on rising diesel prices reach their highest since 2013
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Gasoline stockpiles had the biggest weekly draw on record
The post-Harvey buzz over fuels is making U.S. crude look like the poor stepchild of hedge funds.
Since the storm battered the heart of America’s refining industry last month, bets on rising gasoline and diesel prices have surged for three straight weeks to the most bullish in years. But when it comes to West Texas Intermediate crude, skepticism is prevailing…
Hedge Funds Bet on Fuels Over Crude as Hurricane Trade Persists