Bearish Oil Wagers Surge to Record as Glut Keeps Growing: Energy
Which Companies Go Out of Business on Low Oil?
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Hedge funds raised bearish wagers on oil to an all-time high, speculating crude has further to fall as the supply glut keeps swelling.
Money managers increased short positions in West Texas Intermediate crude by 17 percent in the seven days ended Feb. 24, U.S. Commodity Futures Trading Commission data show. Net-long positions slid to the lowest in seven weeks.