[Hedge funds are doing long oil and fuels, with the most bullish sentiment on gasoline] September 9th, JKempEnergy Research Company pointed out that according to the latest position data released by regulators and exchanges, due to low inventories and limited refining options, the refined oil market, especially gasoline, has become the primary target of hedge funds and other money managers. As of September 1, hedge fund managers had accumulated a net long position equivalent to 177 million barrels in futures and options contracts on the three major gasoline and middle distillate varieties. Compared with crude oil, funds are more optimistic about the fuel market. They have a neutral or even slightly bearish attitude towards crude oil, holding 380 million barrels. In the fuel sector, investor sentiment is most bullish on gasoline, with net long positions reaching 89 million barrels, which is about 90% higher than the weekly record level since 2011 and one of the highest levels since the outbreak of the epidemic in early 2020.