Hedge Funds Greet 2016 by Curbing Bullish Oil Bets to 5-Year Low

  • Speculators cut net-long positions 24% in week to Jan. 5: CFTC
  • U.S. benchmark crude drops to the lowest since February 2004

Big Oil Prepped for Price Woes by Aiming Low: Clint

Money managers began the new year by reducing wagers on rising oil prices to the lowest level in more than five years.

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