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Hedge Funds Turn Most Bullish on Oil in 8 Months as Output Slows
©2015 Bloomberg News NN2SO76JTSEE (Bloomberg) — Hedge funds increased bets on rising oil prices to an eight-month high on signs U.S. production is slowing. Speculators boosted their net-long position in West Texas Intermediate crude by 9 percent in the seven days ended April 14 to the highest since August, U.S.
Oil Trades Near $50 as Glut Seen Persisting Amid Slowing Demand
©2015 Bloomberg News NSJY7H6KLVR9 (Bloomberg) — Oil in London traded near $50 a barrel after reaching a six-month low amid speculation Iranian supplies will exacerbate a global surplus as demand from the U.S. to China slows. Brent futures gained 1.7 percent, paring a 5.2 percent fall on Monday that brought
