Traders Place Near-Record Bets Against Crude Oil

NYSE:USO March 19, 2017 8:07am

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From Tyler Durden: During a week that saw WTI crude prices erase all post-OPEC-production-cut-deal gains, after the Saudis admitted 'cheating' (but rapidly back-pedalled), oil speculators added almost 80,000 contracts to their short positions - the 2nd most in 34 years.

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