Many fear hedge funds are pushing up crude oil prices prematurely, which will lead to a renewed crash when the bubble bursts, as it did after the last big run-up in prices between January and May 2015. John Kemp argues that hedge funds and speculators are not driving the recent rally in oil prices. That’s a pretty stark argument from a very good piece in January by F. William Engdahl, who argued in January that 60% of today’s oil price is driven by speculation.
University student Spencer Singleton is among a growing band of amateurs turning to computer-driven automated stock trading - until now the preserve of hedge funds and mega brokers - and says he's beating the market.
Oil prices rebounded after some of the biggest names in the hedge fund world and private equity lost billions betting on a rebound in energy prices and distressed energy debt. What’s more, many of them are staying with it.