Investors Flock Back Into Oil for Reflation Trade, Hedging
- Brent, WTI futures holdings at highest level since May
- Some investors making inflation trades, others hedge supply
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Investors and oil companies are rushing back into the crude market.
Total holdings of Brent and WTI futures have climbed to the highest level since May. It comes as banks from Goldman Sachs Group Inc. to JPMorgan Chase & Co. see the market’s prospects brightening and some big hedge funds talk of commodities entering a pricing super-cycle.