{
  "id": 6422075,
  "title": "Morgan Stanley: Oil Traders Are ‘More Precise’ With Risk as Wars Drag On",
  "url": "https://urgent.news/2026/09/09/morgan-stanley-oil-traders-are-more-precise-with-risk-as-wars-drag-on",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-09T12:30:00.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Latest-Energy-News/World-News/Morgan-Stanley-Oil-Traders-Are-More-Precise-With-Risk-as-Wars-Drag-On.html"
  },
  "original_language": "en",
  "account": "Morgan Stanley's Brendan Ross revealed at the Asia Pacific Petroleum Conference in Singapore that traders are becoming more cautious and precise with their risk when it comes to oil trading amidst ongoing conflicts in Iran and Ukraine. Traders have shifted their focus from longer-dated futures contracts to near-dated contracts in an attempt to manage their exposure to the volatile market. This change has led to a decrease in liquidity for longer-term contracts, according to Ross. Speculators and portfolio managers have also been accumulating bets in fuel markets, as prices have been tighter than in the crude oil market. Hedge funds have changed their stance on fuels from short positions in early spring to long positions now, resulting in a net long position of 177 million barrels across gasoline and diesel contracts as of September 1. This bullish sentiment in fuel markets is expected to persist, as it is not feasible to replace lost output from the Middle East and Russia with alternative supply due to insufficient production capacity elsewhere. Consequently, U.S. inventories of diesel and gasoline, which are already at low levels, will continue to be drawn down.",
  "summary": "Uncertainty about how the wars in Iran and Ukraine will unfold is keeping many traders away from taking positions in longer-dated futures contracts, according to investment bank Morgan Stanley. Most traders have now moved to bet on futures prices within a three to six-month period, instead of longer-dated futures contracts, as volatility has spiked and uncertainty has grown regarding where the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}