Bets on rising prices for WTI, Brent crude at record levels in Dec
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Calgary
OIL bulls are charging into the New Year with unprecedented vigor, and the credit goes to the Organization of the Petroleum Exporting Countries (Opec).
The signs that the group is winning its tug of war with shale are compelling, and money managers have taken note: Their combined bets on rising prices for West Texas Intermediate and Brent crude reached record levels in December.
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