(Reuters) Hedge funds have turned bullish towards crude oil again as international marker prices have steadied above the psychologically important $50 threshold.Hedge funds and other money managers increased their net long position in the three main Brent and WTI futures and options contracts by 54 million barrels in the week to April 4. The boost in the net long position comes after five consecutive weeks of drawdowns between Feb. 21 and March 28 totalling 309 million barrels.
Hedge Funds Regain Some of Their Faith in Oil
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