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Oil Short-Sellers Return as Doubts Loom on OPEC's Horizon

  • Bets on falling Brent crude rise by most since June: CFTC
  • OPEC uncertainty, U.S. output growth seen hindering rally
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Does OPEC Have Any Fight Left in It?
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Short-selling is rearing its head in the oil market again.

After bullish bets on Brent crude hit a record and futures surged to two-year highs, hedge funds are pulling back with a sense that the rally reached its limit for now. Wagers on lower prices rose by the most since June as Middle East tensions took a backseat, while uncertainty looms over Saudi Arabia’s push to extend OPEC’s output curbs this month.