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Liquidation of short positions, not bulls, behind recent oil rally: data

Tuesday, March 29, 2016 - 05:50

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Oil enthusiasts haven't been jumping on board the latest rally.

New York

OIL enthusiasts haven't been jumping on board the latest rally.

As crude has soared 50 per cent since Feb 11, the number of bets on increased prices has barely budged. Instead, the upward pressure on prices appears to have come from traders cashing out of bearish wagers at

sentifi.com

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