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HomeUncategorizedTraders Ditch Bullish Bets on Oil

Traders Ditch Bullish Bets on Oil

A continuously fading war risk premium and signs that regional oil markets look well supplied prompted traders to slash last week their bullish bets on crude oil at the fastest pace in over a year. The net long position—the difference between bullish and bearish bets—dropped to a three-month low as money managers liquidated longs…
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