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Hedge Funds Fled Bullish Oil Bets Ahead of Election Day Drop
Source: Bloomberg
Commodity FuturesGeopolitics & WarElections & Domestic PoliticsInvestor Sentiment & Positioning
Hedge funds cut bullish crude-oil bets by the most since June as the US and Iran issued rare de-escalatory signals. The positioning left funds poised to profit from the selloff that followed the Democratic sweep of Congress; the article provides no wager amounts or price changes.
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