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Oil Bulls Maintain Momentum as Rig Cutbacks Seen Reducing Glut

2015-10-19 09:35:03| Oil & Gas - Topix.net

Money managers boosted their net-long position in West Texas Intermediate crude by 6.6 percent in the week ended Oct. 13 to the highest level since June, according to data from the Commodity Futures Trading Commission. Shorts, or bets that prices will decline, dropped the eighth time in nine weeks.

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