After fears of a crude oil shortage, it was only a matter of time before traders started to take advantage of tight fuel stocks as well. And they have begun doing that: positions in diesel and gasoline are among the highest in a decade, according to Reuters' market analyst John Kemp. Traders bought the equivalent of 2 million barrels of U.
S. diesel recently, also boosting their positions in European gas oil by 14 million barrels and in U.S. gasoline by 5 million barrels, Kemp said in his weekly column on hedge fund oil buying. The analyst added…Traders Are Taking Advantage Of A Looming Fuel Shortage
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