Hedge funds add fuel to oil price rally with bets on rise above $100
Speculators have increased their long positions as crude has climbed almost 30 % since June.
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Analysts said Prince Abdulaziz bin Salman’s stance could yet become a self-fulfilling prophecy: rising prices risk complicating central banks’ exit strategies and hampering global demand for oil.
(Foto: Yves Herman/Reuters/NTB)
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