Hedge funds flip extra bullish throughout vitality as costs rally

London: Hedge funds boosted bullish wagers throughout the vitality complicated as crude costs broke out of their current vary, climbing above $80 a barrel, and gasoline costs surge to multi-month highs.

Speculators hiked web lengthy positions within the two benchmark crude futures to a three-month excessive whereas long-only bets in US gasoline futures skyrocketed to about 89,278 tons within the week ending July 25, the best in almost two years, in keeping with information from the Commodity Futures Buying and selling Fee and Intercontinental Trade.