Oil Skeptics Exit as Market Dispels Gloom to Flirt With $50
- Short positions tumbled for a fourth week, CFTC data show
- Net-long position on WTI most bullish in three months
BofAML's Blanch Sees a Range-Bound Oil Market
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As pessimism over oil dissipates and investors flirt with $50 a barrel again, short-sellers are getting out of the way.