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Hedge funds double down on bets against oil


Oil bears are betting the recent rally is over. Hedge funds nearly doubled their bets against West Texas Intermediate crude oil over the last month as prices fell from their June highs in the low $50s, according to data compiled by Bloomberg. Short interest — betting that the price will fall further — in the...
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Source: New York Post


15:22, August 10, 2016 Carleton English

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