Oil sceptics pull out as market dispels gloom to flirt with US$50
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New York
AS PESSIMISM over oil dissipates and investors flirt with US$50 a barrel again, short-sellers are getting out of the way.
Hedge funds are the most upbeat about West Texas Intermediate crude in three months after bets on declining prices shrank. Meanwhile, signs that the shale boom is slowing and the market is moving closer to balance set the mood for futures to jump 8.6 perc ent last week.
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