EMerging Equity
WTI Crude
Hedge Funds Bought WTI Crude After Record Selling
Hedge Funds shifted their strategies last week by grabbing up WTI crude following the previous week’s record selling. Also Market Neutral and Equity Long/ Short funds trimmed their net long positions, while Macro hedge funds increased their long exposures to key indexes, 10-year Treasuries and the U.S. dollar Big speculative hedge funds raise short … Continue reading
Saudi Arabia: S&P Lowers Outlook On Oil Price Negative Trend
S&P Rating agency has lowered the outlook for Saudi Arabia to negative at the back of sliding oil prices. The country is the world’s top oil exporter. The agency maintained its sovereign credit rating for the kingdom due to the country’s very solid fiscal condition and despite the substantial deficit planned. S&P also stated that “… … Continue reading
Ruble Sinks To New Record Low As WTI Nears $44
The volatile ruble has hit a fresh low against the US dollar, trading at 69 per 1 USD after the Russian currency lost 2 percent of its value in opening trading hours in Moscow. Since the beginning of the year, the ruble has lost nearly 15 percent of its value, in tandem with plunging oil … Continue reading
Oil Prices Plunge Below $60 on Weak Forecast by IEA
The oil glut continues, says the latest International Energy Agency’s (IEA) report which slashes demand growth forecasts for 2015. A weak economic outlook for China, Europe, and Russia will see demand rise one percent, not enough to offset oversupply. Oil demand growth for 2015 was slashed by 230,000 barrels per day, and is set to … Continue reading
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