BANK OF AMERICA: A small group of oil traders could come out of hibernation to catch the rest of the market off-guard
|03/16/2018||Posted by BusinessMediaguide.Com under General World News||
- Strategists at Bank of America Merrill Lynch have identified some reasons why oil-market bears could soon “wake up from winter hibernation.”
- Oil traders’ bullish price bets relative to bearish bets are near a record high.
- “If they do, WTI crude oil prices could lose $5/bbl within just a few weeks,” the strategists said.
Oil-market bears are in the minority. However, there’s a good list of reasons for them to make a comeback, according to strategists at Bank of America Merrill Lynch.
Net speculative length in the oil market — a reflection of how much traders are betting on read more >>>