Crude Oil Tanks On Hedge Fund Liquidation Rumors
By:
Forbes Real Time
After a few weeks of tranquility in the energy markets, crude oil fell dramatically on Wednesday. Spot WTI fell more than 2% on heavy volume, while Brent lost 1.9% on what some traders suggested was an unwinding of large positions by a commodity hedge fund.
After a few weeks of tranquility in the energy markets, crude oil fell dramatically on Wednesday. Spot WTI fell more than 2% on heavy volume, while Brent lost 1.9% on what some traders suggested was an unwinding of large positions by a commodity hedge fund.
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