Punters bet on higher prices as expert calls end to era of cheap oil
Wall Street's long oil positions are the highest since records began in 2011 as others question the future of Opec production cuts.
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Some commodities investors have amassed a record number of bullish bets on Brent crude oil, pushing their net long positions to the highest level since records started in 2011.
But others say this increases the risk of a large fall as market fundamentals have yet to catch up with their optimism,
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Nevil Gibson
Wed, 22 Feb 2017
Wed, 22 Feb 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Punters bet on higher prices as expert calls end to era of cheap oil
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