# Brent spreads become battleground amid doubts over oil rebalancing: Kemp

> Reuters columnist John Kemp reports that global oil markets are rebalancing gradually, but more slowly and unevenly than OPEC and bullish hedge funds expected. Hedge funds have assumed the rebalancing will proceed, which leaves positioning exposed if it stalls.

- Date: 2017-03-14 · published 2017-03-14T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/72175-brent-spreads-become-battleground-amid-doubts-over-oil-rebalancing-kemp
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

If rebalancing stays slow, crude could lack the upward push that funds are pricing in, which would weaken energy-linked costs and biofuel margins that feed into vegetable oil and feed pricing.

## Read by commodity

- BRENT: neutral

## Sources

- reuters.com: https://www.reuters.com/article/us-oil-opec-kemp-idUSKBN16L269/

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