Hedge Funds Recover Nerve After Oil Sell-Off

(Nasdaq) Hedge funds rediscovered some of their confidence in the oil market in the final week of February, as OPEC reiterated its commitment to output restraint and benchmark prices stabilised above $60 per barrel…..Portfolio managers boosted their net long position for the first time after reducing it by a total of 263 million barrels over the previous four weeks…

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