Amid the last two weeks of exuberant short squeeze in crude oil (and anything energy related), investors pulled over $400 million from USO (the largest oil ETF). This week's $348 million outflow is just shy of the record $354 million outflow in Dec 2013. As these outflows hit so bullish positions in oil ETFs have been dropping and bearish positions building once again.
The biggest Oil ETF fund outflow since Dec 2013…
Chart: Bloomberg
As bulls pull back and bears re-emerge (after their record-breaking squeeze)…
Chart: Bloomberg
It seems – judging by the last 2 days – that the ammo for any further headline-induced short-squeeze has left the playing field…for now.
Запись Investors Pull Most Money From Oil Funds In Over 2 Years As Bears Return впервые появилась crude-oil.top.