Managed money has a massive bet on higher oil prices according to the latest CFTC data, with the...

|By:, SA News Editor

Managed money has a massive bet on higher oil prices according to the latest CFTC data, with the ratio of long to short positions spiking to 12:1. On the other side of those positions is not so much the physical trade - which is just barely net short - but swap dealers and banks.