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Hedge Funds Aim at $80 Brent as Pandemic-Era Short Lives On (ICE Futures Europe: B)
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Hedge Funds Aim at $80 Brent as Pandemic-Era Short Lives On (ICE Futures Europe: B)
Brent crude futures plunged nearly 4% to $79.10 as revived U.S.–Iran talks and Tehran’s claim of export waivers triggered the largest hedge fund short position since the pandemic—231,218 contracts worth $18.5 billion—raising the risk of further price drops if Gulf supply returns, with $80 now a key resistance level for traders. The post Hedge Funds Aim at $80 Brent as Pandemic-Era Short Lives On (ICE Futures Europe: B) appeared first on TechStoc…
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