Are Hedge Funds Done With Oil?

Things have been happening increasingly fast in the oil industry, especially with prices. With so much volatility around, price movements are quick and often surprising. Right now, the general optimism on oil markets is in decline, because of the latest price rally. It may sound counterintuitive, but it is, in fact, easy to explain. The prices of Brent and West Texas Intermediate have doubled since April. In the case of WTI, the rally was a lot higher than a doubling, too, if we take into account the swing below zero. As a result of this rally,…