Speculators Most Bullish on Oil Since June as Output Talks Loom

  • Hedge funds add most long bets in 6 weeks, cover more shorts
  • WTI oil surges more than 50% since low in mid-February

Here's Why This Is Only the Fourth Time Oil Has Tanked

Speculators became the most bullish on oil since June as a meeting of major producers next month may yield an agreement to cap output.

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