WTI Oil Futures Trade Near $90 a Barrel in New York
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West Texas Intermediate traded near $90 a barrel, a level it has held above so far this year, after money managers cut bets on rising prices.
Futures were little changed in New York after sliding to a 10-week low on March 1. Net-long positions in WTI dropped 16 percent, according to weekly data from the Commodity Futures Trading Commission. Services industries in China expanded at the slowest pace in five months in February, a survey of purchasing managers showed yesterday.