Bullish Sentiment Brings $90 Oil Within Reach

In what feels like an increasingly bullish oil market, $90 Brent is now a real possibility. While demand uncertainty persists, geopolitical risk, a weakening U.S. dollar, and OPEC+ supply cuts have moved prices higher.- Long positions held by hedge funds and other money managers have seen the strongest influx of bullish interest since September 2023, indicating the market believes geopolitical pressures will keep on pushing oil prices higher.- Net long positions held in Nymex WTI rose by 50 million barrels in the week ending March 19, whilst ICE…