Growing Supply Risks Boost Bullish Bets In Oil Markets

The Russian invasion of Ukraine has dominated headlines in the past week and will likely continue dominating them until some form of a ceasefire is agreed upon. In the meantime, it has further enhanced already strong bullishness on energy markets and even reversed the beginnings of an outflow from oil positions by large investors. Thanks to the estimated imbalance between demand for crude oil and the supply of the commodity, prices have been on a more or less uninterrupted rise for the past few months. Large investors such as hedge funds have been…