28.06.2011 - Speculators cut oil bets as prices fall: ICE
Speculators were dumping oil even before consumer governments announced they would release strategic oil stocks last week, sending prices tumbling, exchange data showed on Monday. Hedge funds and other money managers cut bets in Brent and gas oil dramatically in the week to June 21, reducing net long positions in the benchmark North Sea crude oil by more than 40 percent...............................................Full Article: Source
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