The press, the Organization of the Petroleum Exporting Countries (Opec) and the International Monetary Fund (IMF) have accused hedge funds of being largely responsible for the rise in oil prices. This has led to requests from the IMF to clarify the role of hedge funds in the oil market and to improve transparency. Although these voices have quietened down with recent news of lower oil prices, hedge funds’ influence on market movements remains debatable when the role of market fundamentals and ot
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