Hedge funds have increased their bullish stance on oil, betting heavily on Brent crude ahead of a key tariff deadline. In the week ending April 1, money managers raised their net-long position to 318,182 lots, the highest since late April last year. The increase comes as investors prepared for potential tariffs on Russian oil exports, which could tighten global supply balances.
Source: https://www.bloomberg.com/news/articles/2025-04-04/hedge-funds-ramped-up-bullish-oil-bets-ahead-of-tariff-day-drop