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Oil Bears Miss Biggest Rally Since ?12 as Rigs Withdraw: Energy

2015-02-02 23:51:15| Energy - Topix.net

Money managers cut net-long positions in West Texas Intermediate crude for a second week in the seven days ended Jan. 27, boosting short wagers to the highest level since 2010, U.S. Commodity Futures Trading Commission data show. Three days later, Baker Hughes Inc. said drillers pulled 94 rigs from U.S. fields in a single week, the most on record, driving crude prices to their biggest gain since June 2012.

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