Hedge Fund News From HedgeCo.Net

Oil prices steady as fund managers cease liquidation

(Reuters) – Hedge funds appear to have completed the recent wave of liquidation, with bullish positions increased slightly last week after heavy falls the week before, helping to steady the main crude oil benchmarks. Hedge funds and other money managers raised their net long position in the six most important petroleum futures and options contracts by 37 million barrels in the week to July 24.

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