🛢 Hedge funds believe in the future of oil?
6 October 2021

🛢 Hedge funds believe in the future of oil?

📈 Rising oil prices, as well as shortages of gas, coal and electricity, are forcing hedge funds to shift capital.

🤔 For many managers, fears of energy shortages exceeded fear of new coronavirus waves.

📉 The total number of short positions on energy fell to the low of 2019.

😮 And Goldman Sachs analysts raised their forecast for Brent from $80 to $90 per barrel for the end of the year.

👀 If you're interested in energy companies, then see our selection!

  1. ConocoPhillips (NYSE:COP). A global exploration and production company.
  2. Exxon Mobil (NYSE:XOM). The largest company in the industry.
  3. Phillips 66 (NYSE:PSX). A leading refining company.