Some U.S. fund managers risk long-term bets on tanking oil sector | Reuters


Some U.S. fund managers are attempting what seems like an impossible task: making bets on the stocks and bonds of energy companies at a time when oil futures have sunk to historic lows and a swelling global glut shows no sign of letting up.

On Monday, traders holding the expiring front-month May contract for U.S. crude had to pay nearly $40 per barrel to unload oil as they scrambled to avoid having to take delivery.

Source: Some U.S. fund managers risk long-term bets on tanking oil sector – Reuters

READ  Issues pile up as Ryan, GOP seek focus on taxes | TheHill

Leave a Reply

Your email address will not be published. Required fields are marked *