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"Hedge funds finally pulled back from bets on higher oil prices as the market faced its worst year since 2008.Speculators reduced their net-long position in West Texas Intermediate crude for the first time in four weeks, cutting their holdings by 5 percent in the week ended Dec. 23, Commodity Futures Trading Commission data showed yesterday. Long wagers dropped the most since August."
"Hedge funds finally pulled back from bets on higher oil prices as the market faced its worst year since 2008.Speculators reduced their net-long position in West Texas Intermediate crude for the first time in four weeks, cutting their holdings by 5 percent in the week ended Dec. 23, Commodity Futures Trading Commission data showed yesterday. Long wagers dropped the most since August."
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