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Column - Hedge funds sour on crude oil and fuels: Kemp

Reuters  |  LONDON 

By John KempLONDON (Reuters) - Hedge fund managers have become very bearish about the outlook for oil prices as production from countries outside OPEC grows and threatens to undermine the effectiveness of OPEC's output controls.Hedge funds and other money managers cut their combined net long position in the three major futures and options contracts linked to Brent and WTI by 51 million barrels in the week to June 13 (http://tmsnrt.rs/2rMOh9T).Fund managers cut their net long position for the second week running by a cumulative total of 91 million barrels, according to data published by ...

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First Published: Mon, June 19 2017. 17:45 IST
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