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Hedge Funds Have Never Been More Crowded Into The Oil Trade

Business Insider – West Texas Intermediate (WTI) crude oil futures are up an impressive 27.2% in just the last 9 months.

After hitting a high of $108.93 a barrel on July 19, the long-oil trade took a breather, but last week, oil supply disruptions in Libya sent futures back toward recent highs, and today, WTI trades around $106.50 a barrel.

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