Bullish Oil Bets Rise as Hedge Funds See Supply Tightening

Updated on
  • WTI speculators raise net-long positions to highest since Nov
  • Russia-Saudi Arabia freeze agreement raises hopes of a rebound

The Correlation Between Oil and Stocks May Last a While

Talk of an output freeze by OPEC and Russia along with falling U.S. production spurred money managers to bet oil is ready for a rebound.

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