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Oil Prices Steady As Funds Near End Of Liquidation | Hellenic Shipping News Worldwide

by hellenicshippingnews.com posted 1month ago 18 views
Hedge fund managers continued to exit from their former bullish positions in crude oil and fuels last week but the worst of the selling may be over, which has helped steady futures prices. Hedge funds and other money managers cut their combined net long position in the six most important petroleum futures and options contracts by another 54 million barrels in the week to Nov. 20.

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