# Hedge funds slash oil positions amid extreme volatility

> Hedge funds cut oil positions amid extreme volatility in March 2022. Soaring oil and raw material prices and higher freight charges have raised the probability of a recession within the next 12 months.

- Date: 2022-03-15 · published 2022-03-15T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/5998-hedge-funds-slash-oil-positions-amid-extreme-volatility
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Fund liquidation adds to crude price swings, while rising freight and recession risk could weigh on demand for feed ingredients and energy.

## Read by commodity

- WTI: neutral
- BRENT: neutral
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-12-31 | [Baht, oil prices expected to face volatility in 2025: NESDC](https://feedsoft.ai/events/27244-baht-oil-prices-expected-to-face-volatility-in-2025-nesdc.md) | +4.6% | +1.9% |
| WTI | 2022-10-17 | [Oil steady as recession woes counter positive Chinese signals](https://feedsoft.ai/events/39285-oil-steady-as-recession-woes-counter-positive-chinese-signals.md) | -0.7% | +3.7% |
| WTI | 2022-06-08 | [Q&A \| Implications of the OPEC+ Announcement to Increase Oil Production - Center on Global Energy Policy at Columbia University SIPA \| CGEP](https://feedsoft.ai/events/40837-q-and-a-implications-of-the-opec-announcement-to-increase-oil-production-center.md) | -0.5% | -13.0% |
| WTI | 2017-04-10 | [OPEC's original cut 'just missed paving the road to hell', but extension needed for oil to hit $60: Citi \| Financial Post](https://feedsoft.ai/events/71675-opec-s-original-cut-just-missed-paving-the-road-to-hell-but-extension-needed.md) | +0.7% | -11.1% |
| WTI | 2017-04-28 | [Can an OPEC extension push Oil to $60? :: Content :: Tập đoàn Hoá chất Việt Nam (Vinachem)](https://feedsoft.ai/events/71653-can-an-opec-extension-push-oil-to-60-content-tap-oan-hoa-chat-viet-nam-vinachem.md) | -7.0% | -0.6% |
| BRENT | 2024-12-31 | [Baht, oil prices expected to face volatility in 2025: NESDC](https://feedsoft.ai/events/27244-baht-oil-prices-expected-to-face-volatility-in-2025-nesdc.md) | +4.2% | +4.6% |
| BRENT | 2024-01-04 | [Oil prices remain volatile amid uncertainty arising from geopolitical conflict](https://feedsoft.ai/events/32316-oil-prices-remain-volatile-amid-uncertainty-arising-from-geopolitical-conflict.md) | -0.1% | +6.0% |
| BRENT | 2022-10-17 | [Oil steady as recession woes counter positive Chinese signals](https://feedsoft.ai/events/39285-oil-steady-as-recession-woes-counter-positive-chinese-signals.md) | +0.8% | +4.6% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/hedge-funds-slash-oil-positions-amid-extreme-volatility-kemp-2022-03-14/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.