Column: Hedge funds cautious on oil, wait for economy - Reuters:
Hedge funds are becoming slightly more pessimistic about the outlook for oil and the economy, though position changes remain small owing to the holiday season in North America and Europe.
Hedge funds and other money managers were small net sellers of petroleum futures and options last week for the third time in the last four weeks, according to an analysis of data published by regulators and exchanges.
Fund managers sold a total of 26 million barrels in the six most important futures and options contracts, reducing their net long position to 525 million barrels in the week to Aug. 27.
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