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OIL PRODUCTS: Hedge Fund Managers Cut Net Bearish Gasoil Bets

OIL PRODUCTS

Money managers have cut their bearish gasoil bets by 748 net-short positions to 26,459, ICE data cited by Bloomberg showed.

  • Long-only positions fell 3,693 lots to 49,165 in the week to Aug. 27, the lowest in around 14 months.
  • Short-only positions fell 4,441 lots to 75,624.

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