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Oil Skeptics Exit as Market Dispels Gloom to Flirt With $50

  • Short positions tumbled for a fourth week, CFTC data show
  • Net-long position on WTI most bullish in three months
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BofAML's Blanch Sees a Range-Bound Oil Market

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As pessimism over oil dissipates and investors flirt with $50 a barrel again, short-sellers are getting out of the way.