Investors are optimistic about the decline in global crude oil prices

According to a Bloomberg report on August 24, investors' optimism that global crude oil prices will rise has fallen by nearly half
in the past four months.

Hedge funds' net bullish position on Brent crude – a price measure of how active money managers profit – has fallen 49% since early April as the trade war clouds
the outlook for oil consumption.
Despite strikes in North Sea fields and reduced U.
S.
inventories, the benchmark index continued to perform well, but Brent crude prices were down about 6 percent
from their peak in May.

Mark Watkins, who heads $151 billion in assets at Bank of America's wealth management unit, said
.
"When you start looking at different economies around the world – Europe, Asia, emerging markets definitely start to encounter some headwinds
.
" Investors "may be more focused on the rest of 2018 and may enter 2019, where demand will be weaker
than before.
" ”