| Hedge funds and speculators slashed their bets on a higher oil price by the most in more than two years as Opec and other big producers gather in Algiers this week to discuss a possible deal to limit output.
Investors cut their net long position — the difference between bullish and bearish holdings — in the two main oil contracts by the equivalent of 105m barrels in the week that ended September 20, according to data from exchanges and the Commodity Futures Trading Commission............................................Full Article: Source
|