Hedge Funds Greet 2016 by Curbing Bullish Oil Bets to 5-Year LowBy
Speculators cut net-long positions 24% in week to Jan. 5: CFTC
U.S. benchmark crude drops to the lowest since February 2004
Money managers began the new year by reducing wagers on rising oil prices to the lowest level in more than five years.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.