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Opec cuts prompt record bets on oil price rise

Hedge funds boosted net-long position on WTI by 8.6 per cent in the week to Feb 14

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Opec has never taken supply cuts so seriously, and hedge funds are loving it.

New York

OPEC has never taken supply cuts so seriously, and hedge funds are loving it.

Investor optimism that West Texas Intermediate (WTI) oil prices will rise reached an all-time high as the Organization of Petroleum Exporting Countries delivers on pledges to reduce production.

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