Hedge Funds Are Betting Big on Oil
- Money managers amp up bullish wagers in New York, London
- Total positioning on U.S. oil benchmark is at highest ever
OPEC's Barkindo Sees Rebalanced Oil Market in 2018
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The enthusiasm in the oil markets is breaking records.
Hedge funds reported record wagers on continued price increases for both U.S. and global oil benchmarks, along with gasoline and diesel. Meanwhile, producers are hedging production at record rates as oil experiences its best January since 2006.