# Column: Hedge funds bang defensive drum on oil

> A Reuters column says hedge funds were defensive on oil, with positions reported at the close on May 21 before prices slumped. Supply disruptions from US sanctions on Venezuela and Iran and a halt in Russian exports due to pipeline contamination have helped support prices.

- Date: 2019-05-28 · published 2019-05-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/9888-column-hedge-funds-bang-defensive-drum-on-oil
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Sanctions and supply outages underpin crude prices, but defensive fund positioning signals that bullish support may be fading.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Sources

- reuters.com: https://www.reuters.com/article/us-oil-prices-kemp/hedge-funds-bang-defensive-drum-on-oil-kemp-idUSKCN1SY18W/

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