OPEC+ Production Cut Is Luring Hedge Funds Back To The Oil Market

    Stocks and bonds are out, and oil is in. That has become the new playbook for many hedge funds this year as they try to navigate rising interest rates, persistent inflation, and a tech-heavy equity market that remains deeply out of favor.  After initially building large positions in the oil markets, hedge funds had been trimming their positions as oil prices tumbled thanks to weak demand and a surplus gradually building during the second half of the year. By August, open interest, or the total number of West Texas Intermediate…