Column: Oil investors expect supply to fall to offset weak economy

Nasdaq

LONDON – Investors anticipate that a proposed US and EU price cap will hit Russia’s crude oil exports enough to offset the impact of an economic slowdown on oil consumption and push up prices.

Source: Reuters

Hedge funds and other money managers bought the equivalent of 41 million barrels in the top six oil futures and options contracts in the week ended November 8.

Fund managers have been big buyers of oil in five of the last six weeks,…