Hedge Funds Cut Brent Crude Bets to Cap Longest Pullback in Year

  • Brent net-longs cut for fifth week to lowest in five months
  • Prices slide as disrupted supply returns, demand concerns grow

Oil Market Adjusts to Slower Global Demand

Hedge funds and other speculators curbed their bullish stance in Brent crude for a fifth week, the longest pullback in a year.

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