Commodities
Oil Speculators Turn Sour as Bullish Wagers Get Trimmed Back
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Hedge funds are turning less optimistic on crude oil’s prospects, trimming net-bullish bets in a further sign of market softening.
Net-long positions for US marker West Texas Intermediate fell for a fourth week to the lowest since October. The corresponding measure for global benchmark Brent was dialed back by the most since December in a third consecutive drop.