Oil: Hedge Funds Raised Bearish Bets Before OPEC+ Meeting

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🛢️ 🛢️ Hedge funds raised gross bearish bets on Brent and West Texas Intermediate crude in the lead-up to the OPEC+ meeting. Money managers increased short-only positions in the two benchmarks by 6,665 lots to 210,135 in the week ended Nov. 28, the highest in 21 weeks, data from ICE Futures Europe and the Commodity Futures Trading Commission show
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