9/3/2025, 5:01:03 pm

Oil’s Bearish Lurch Has Speculators Betting Worse Is Yet to Come

Oil prices dropped to a three-year low amid bearish factors, including OPEC+'s surprise plan to boost production, U.S. trade tensions, and China reducing fuel output. Hedge funds cut long positions, and Wall Street firms like Morgan Stanley and Goldman Sachs revised lower price forecasts. However, U.S. pressure on Iran and supply risks may limit further declines.