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Here's Why Investors Can't Get Enough of Oil With $70 in Sight

  • Oil curve now enticing investors chasing positive yields
  • Weaker dollar, global growth, technical trends all bullish
Bloomberg business news
Goldman's Currie Sees Oil Prices 'Flat to Down'

To really understand what’s helping push oil prices toward $70 a barrel, just follow the money.

Investors have piled into commodities markets in the last month as the most bullish oil market structure in years is buttressed by OPEC-led production cuts, strong global economic growth and a softer U.S. dollar. With crude trading near a three-year high, here’s a look at how investors have increased their thirst for oil.