Oil Investors Jump Back Into the Fray
- Bets on WTI crude prices rise to the highest in almost a year
- WTI net-longs drop for third week, while Brent net-longs rise
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Oil investors are back in the ring.
Hedge funds are finding betting on West Texas Intermediate crude more attractive again, with total positioning on the U.S. benchmark increasing to the highest in almost a year. The surge comes as oil prices have held steady above $50 a barrel -- a key psychological level -- for about two weeks.