Hedge Funds' Bets Against Oil Reach A Four-Year High
As oil futures trade below $50 a barrel, short positions in oil futures and options are touching multi-year highs
Hedge funds are going all out against oil, as short positions in crude markets reach a four-year high. Data from CFTC shows that short positions in West Texas Intermediate crude increased to 92,403 futures and options in the week ending January 20th.
Oil below $50 will be the new normal
The current wager on the fall in oil prices is the . . .
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