WTI Declines to Near $73.00 Despite Higher Energy Demand, UAE's Supply Cuts
Preparing for "Trump 2.0"? Hedge funds are increasing their Call on oil prices.
Bull positions in Crude Oil have increased by 41% over the past three weeks, with net long positions reaching the highest level since August of last year. For traders more focused on fundamentals, Trump's tough stance on Iran has made them reluctant to short; Trump's potential tariff policies raise inflation concerns, which has also prompted traders to hedge risks by going long on oil.
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The most bullish oil prices in four months! Traders focus on "Trump VS Iran".
Although oversupply puts pressure on the oil market in 2025, investors are still preparing for upside risks, primarily influenced by Trump's stance on Iran after returning to the White House, as well as the ongoing geopolitical risks.
Trump's return to the White House may bring new variables, as bets on Crude Oil Product Call have risen to a four-month high.
In the second-to-last week of 2024, as investors prepare for Trump's return to the White House in the new year, bets are being placed on Call Crude Oil Product, reaching their highest point in four months.