‘Short interest in oil close to record highs’ according to BlackRock

While money is flowing into oil ETPs Wei Li, head of EMEA investment strategy at iShares, BlackRock, says hedge funds are positioning themselves on expectations that oil has yet to find a floor. Wei also talks about the economic consequences of a low oil price.

* Source: FT, data as at Jan 18. The comment is specifically with regards to hedge funds short interest on futures and options against the US crude benchmark.

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