The Computers Driving the Oil Market Get Fresh Scrutiny – The Wall Street Journal
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https://www.wsj.com/articles/the-computers-driving-the-oil-market-get-fresh-scrutiny-11671718021
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It has been a tough year for oil traders. Even the computers haven’t been able to get it right consistently.
Wall Street is closely tracking firms that use trend-following algorithms to trade oil futures, which profited mightily from betting on higher prices as crude climbed to more than $120 per barrel this spring. But with oil falling bumpily since June, the trend-followers have waffled between bullish and bearish wagers and given some of those profits back.
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.