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Hedge funds eye oil's year-end 'high note' after bumpy 2017

Their optimism is largely fuelled by confidence that extension of Opec output curbs will tighten up markets next year

Brent is up about 40 per cent since hitting bottom in late June, while WTI has gained about 35 per cent.

New York

OIL'S bumpy ride to higher ground this year is winding down with a good dose of optimism that 2018 will be even better.

Hedge funds boosted their bets on rising Brent crude to a record, with bullish wagers on West Texas Intermediate (WTI) oil near a nine-month high. The...

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