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Record Betting on Oil's Rally Begs Question: How Far Can It Go?

  • Hedge fund bets on rising WTI and Brent reach all-time high
  • Long positions skyrocket but warnings of a retreat loom
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IEA's Birol on Oil Prices, Venezuela, Future of Oil

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Another week of rising oil price and another record for money manager bets on gains. But can it last?

With wagers on rising West Texas Intermediate and Brent crude futures mounting to new highs and the global benchmark hurtling through $70 in the face of depleting stockpiles, the bulls seem to have control of the market. But, warnings of a retreat are coming into view.