The oil bears are coming on strong! OPEC+ supply risks approach, hedge funds' short positions hit 8-month high.

Zhtng Cijng APPhud, qungu duchng jjn jnr dj jicng blnt yun yu kngtu cngwi yzh, zukng gum chung xi qnin 10 yu yli cng wi jin gu de shupng, zhyo yn dzng chngpn jioy shchng zhnb yngji sht y lus lngdo de chnyu gu linmng upik + knng fq de xny ln yun yu zngchn chngj. The Zhtng Finance APP learned that global hedge funds have recently significantly increased their short positions in Brent crude oil, reaching levels not seen since last October. This is mainly due to the commodity trading market preparing for a new round of oil production increases that may be initiated by the OPEC+ alliance led by Saudi Arabia and Russia.