Global Hedge Funds Predict Jump In Oil Prices, As Brent Crude Picks Up

Hellenic Shipping News | Feb 22, 2021 at 1:00 AM
  • The world’s major hedge funds are betting on a jump in oil prices.
  • Brent crude crossed the $60 mark on Monday, boosted by supply cuts from major producers and amid hopes for further US economic stimulus measures.
  • International benchmark Brent crude was trading up 0.9 percent at $59.89 per barrel, at 8.55 am Makkah time, after it rose to $60.06 earlier in the day.