Funds lose faith in rally as Opec seen boosting supply
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New York
SPECULATORS are losing faith in the oil rally, judging that Opec will keep increasing supply from the highest level since 2012.
Their net-long position in West Texas Intermediate crude dropped 2.1 per cent, as long wagers fell the most in two months and short bets declined to the lowest since August, US Commodity Futures Trading Commission data show.
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