Investors Surge Back Into Oil At Fastest Pace In 5 Years
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Investors Surge Back Into Oil At Fastest Pace In 5 Years By John Kemp, senior market analyst Portfolio investors have piled back into petroleum futures and options at the fastest rate for more than two years as concerns about a global business cycle downturn have eased. Hedge funds and other money managers purchased the equivalent of 89 million barrels in the six most important petroleum contracts over the seven days ending on Jan. 17. Purchasing was the fastest since November...

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