Did Hedge Funds Just Change The Way They Trade Oil?

Crude oil, unleaded gasoline and natural gas posted mixed
results this week as volatility returned to the markets. Crude and
gasoline were under pressure, while natural gas was set to move
higher. Both moves were surprising because crude and gasoline
momentum was trending high before abruptly turning lower and
natural gas was pressing multi-month lows before making a
miraculous turnaround. The sell-off in crude oil was particularly
interesting because, in my opinion, it represented a change in the
trading style of the hedge funds. Having been burned…

Crude oil, unleaded gasoline and natural gas posted mixed
results this week as volatility returned to the markets. Crude and
gasoline were under pressure, while natural gas was set to move
higher. Both moves were surprising because crude and gasoline
momentum was trending high before abruptly turning lower and
natural gas was pressing multi-month lows before making a
miraculous turnaround. The sell-off in crude oil was particularly
interesting because, in my opinion, it represented a change in the
trading style of the hedge funds. Having been burned…