Quote:
Originally Posted by oilyfan
Speculators boosted their net-long position in West Texas Intermediate crude by 14 percent in the week ended Dec. 2, the most in 20 months, U.S. Commodity Futures Trading Commission data show. Short bets contracted by 15 percent as long wagers expanded 4 percent.
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WTI was around $68 I think, we might cut through $58 by the end of this week.