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Oil CEOs' Grim Outlook Rubs Off on Speculators Fleeing Market

2015-08-03 21:15:08| Energy - Topix.net

Hedge funds reduced bullish bets to the lowest level in five years as oil capped the worst month since the financial crisis. The net-long position in West Texas Intermediate contracted 7 percent in the seven days ended July 28, U.S. Commodity Futures Trading Commission data show.

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