The Iran war continues, hedge funds are heavily buying energy stocks.

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Deep Tide TechFlow News, April 15th, a report released by the data platform Hazeltree on Wednesday shows that as the Iran war enters its seventh week, hedge funds are pouring into energy stocks, with long positions increasing by over 10% since February. Over the past weekend, US-Iran negotiations failed, and the US Navy has blocked Iranian port oil tankers. This year, the energy sector has risen over 22% along with oil prices. The report states that among the companies tracked by Hazeltree, 55% are betting on long positions in energy stocks. Their data covers 600 asset management institutions and 16k global stocks. Compared to February, 44% of asset managers increased their long holdings by more than 10%. Morgan Stanley data also shows that for the week ending April 10th, the energy sector was the only sector in the US stock market to see net buying, with hedge funds increasing their oil-related long positions. (Jin10)

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