Crude Speculators May Be More Worried About US Surpluses Hedge funds appear more concerned about growing US and Canadian crude oil and liquid fuel supply surpluses than the Iran war. Managed money net-longs, at about 9% of petroleum futures open interest as of the latest data to July 31, roughly match the 2023-25 average. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tj6v0ekgzaj5 {BI COMD} #crudeoil #energ #futures @Bloomberg(Mike McGlone)