Hedge funds are buying oil once again after a pause earlier in March, signalling returning optimism about U.S. – China relations and subsiding concern about the global economy, Reuters’ John Kemp said in his latest column on hedge funds and oil bets.
Crude oil prices have been rising pretty steadily recently, helped higher by OPEC’s production cuts and the U.S. sanctions against Venezuela and Iran, while reports from the negotiating table between Washington and Beijing have been positive.
Union Jack Oil (LON:UJO), The directors believe that significant opportunities exist to invest in, or acquire, a company or companies or businesses or assets in the hydrocarbon sector.
