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Hedge Funds Boost Bullish Oil Bets and Gain From Late-Week Rally

September 1, 2015 : Permanent Link

(Bloomberg) Hedge funds couldn’t have timed an increase in bullish oil positions better, just before improving prospects for U.S. growth sent crude on its biggest two-day rally in six years. Money managers boosted their net-long position in West Texas Intermediate crude 6.2 percent last week, days before futures surged 17 percent in the last two sessions, U.S. Commodity Futures Trading Commission data show.

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