Overly Bullish Hedge Funds Set The Stage For Oil Price Drop | OilPrice.com

Hedge fund managers have gotten more and more bullish on crude oil futures, and now most short positions have been closed, setting the scene for a pause in the oil rally

Source: Overly Bullish Hedge Funds Set The Stage For Oil Price Drop | OilPrice.com

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Oil prices spike more than 3% on reports that US will end waivers for Iran sanctions

Oil prices surged by more than 3 percent on Monday past highs not seen since November 2018, after reports that Washington is set to announce that all buyers of Iranian oil will have to end imports, or be subject to U.S. sanctions.

Source: Oil prices spike more than 3% on reports that US will end waivers for Iran sanctions