November 11, 2024

Hedge Funds Boost Bullish Position on WTI by Most Since March

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Hedge funds raised their bullish position on West Texas Intermediate crude by the most since March after OPEC+ delayed a scheduled output hike and tensions rose in the Middle East.

Money managers’ net long position on the US benchmark rose by 48,143 lots to 143,985 in the week ended Nov. 5, the most bullish in six weeks, data from the Commodity Futures Trading Commission show.

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