Hedge Funds Dump Bets Against Brent at Fastest Pace in 8 Years
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Hedge funds fled bearish bets against Brent crude prices at the fastest pace in nearly eight years as war risks ratcheted up.
Money managers slashed short-only bets against Brent by 47,977 lots to 91,222, marking the biggest cut since December 2016, according to ICE Futures Europe data.