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Net long positions on US crude climb to 2-month high

Published Mon, Dec 15, 2014 · 09:50 PM

New York

SPECULATORS added to wagers that the slump in oil futures, the worst since the global recession, is ending. Prices kept falling anyway.

Money managers raised their net-long position in US crude to the highest in two months in the week ended Dec 9, US government data show. Most of the change came from short holdings contracting to the lowest level since August.

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