Bullish oil bets gain on signs Opec cuts will beat US boom

Tue, Apr 18, 2017 - 5:50 AM

New York

OPEC (Organization of the Petroleum Exporting Countries) is finally making some headway in its race against the tide of surging US supplies, and speculators are giving the group greater credence.

Hedge funds boosted bets on higher West Texas Intermediate (WTI) crude prices

OPEC

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