Hedge Funds Cut Bullish Crude Oil Bets Last Week

live crude oil price in dollar

U.S. crude futures fell during the period, dropping about 6 percent to $59.14 a barrel on concerns the U.S.-China trade war could trigger a global economic downturn. Tight supply due to OPEC output cuts and political tensions in the Middle East provided a floor for prices, however, preventing a further slide.

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Hedge Funds Cut Bullish Crude Oil Bets Last Week via @MasterMindUpdate