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 largest since September 2010, reports Mark Shenk for Bloomberg. Stewart Glickman, an equity analyst at S&P Capital, was quoted as saying that $50/barrel could be…