Oil Approaching $40 Deepens Investor Pessimism on Recovery

Updated on
  • Hedge funds' short position grew 21% through Nov. 10: CFTC
  • IEA sees `massive cushion' worldwide on record production

Power Struggle: How the Energy Market Could Shift in 2016

Hedge funds have turned more pessimistic on oil as prices flirted with $40 a barrel for the first time since August.

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