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Oil sceptics pull out as market dispels gloom to flirt with US$50

Tue, Aug 01, 2017 - 5:50 AM

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...

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