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Hedge Funds Raise Bullish Oil Bets as Drillers Idle Rigs: Energy

2015-02-23 16:27:41| Oil & Gas - Topix.net

Hedge funds and other money managers increased net-long positions in West Texas Intermediate crude by 2.7 percent in the week ended Feb. 17, U.S. Commodity Futures Trading Commission data show. Futures rose 7 percent in the report week as companies including Total SA and Apache Corp. said they would cut spending and drill less.

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