Hedge Funds Get Bullish on Oil Again as OPEC Prepares to Meet - Bloomberg:
"After two months of cutting bets on rising prices, hedge funds are feeling optimistic again as OPEC prepares to meet. Whether that optimism is warranted remains an open question. Falling output from Iran and Venezuela briefly had analysts touting the possibility of $100-a-barrel oil ahead, and hedge funds boosted wagers on a price rebound in the week ending on Tuesday. Since then, though, a push by Saudi Arabia and Russia for production increases ahead of next Friday’s OPEC meeting has injected an uncertain new element into the picture, pushing futures in London down 4 percent over two days."
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