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Hedge Funds Cut Gasoline Bets 14% on Supply Gain: Energy

Posted on 12 May 2014

The expansion in stockpiles of U.S. gasoline as refineries returned from maintenance and imports accelerated spurred speculators to cut wagers on rising prices by the most in more than three months.
Money managers reduced net-long positions by 14 percent from the highest level since February 2013 in the week ended May 6, U.S. Commodity Futures Trading Commission data show. Long positions fell 11 percent, the first drop in four weeks, and short positions rose 6.1 percent………………………………………..Full Article: Source


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