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Hedge funds slash bullish oil bets ahead of post-election price collapse

Hedge funds reduced bullish positions in crude oil by the most since June ahead of a sharp post-election selloff, as signs of diplomatic progress between the US and Iran prompted managers to scale…

  • Hedge funds reduced bullish oil bets by 78,492 contracts ahead of price drop
  • Reduction marked largest since summer, post-Iran-US agreement
  • Price fell sharply after Democratic Party's US midterm election win

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