Author: Sam Allcock
Sam Allcock
Sam Allcock is a seasoned media professional and content strategist with a passion for storytelling across digital platforms. As a contributor to Abu Dhabi Week, Sam brings a sharp editorial eye and a deep appreciation for the culture, innovation, and lifestyle that define the UAE capital. With over a decade of experience in journalism and public relations, he covers everything from local events and business trends to travel, dining, and community highlights. When he's not writing, Sam is exploring the hidden gems of Abu Dhabi, always on the lookout for the next story worth sharing.
Hedge funds slashed their U.S. dollar exposure and piled into crude oil and other key commodities last week, positioning themselves ahead of a sharp escalation in Middle East tensions, according to Saxo Bank’s latest Commitment of Traders (COT) report. Ole Hansen, Head of Commodity Strategy at Saxo Bank, said speculative investors ramped up bearish dollar bets and embraced risk assets like crude and platinum, buoyed by optimism over U.S.–China trade relations and seasonal strength in energy markets. Data from the Commodity Futures Trading Commission (CFTC) covering the week ending June 10 showed a 31% surge in gross short positions on…