(Bloomberg) The OPEC buzz has once again sent Brent crude surging, but hedge funds are playing it cool.They reduced their bullish stance on the global benchmark for a second week as they brace for OPEC’s market swings — where prices rally too much before a high-profile meeting of the group, only to slump on an announcement that fails to surprise.
Hedge Funds Get Less Bullish on Brent Ahead of OPEC Meeting
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