Bearly There
Seen Any Oil Bears Recently? Didn't Think So
They've become so scarce -- and bulls so prevalent -- that their reappearance will be a jarring sight.
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Oil-market bears are in deep hibernation. Given this particularly bracing New York spring, who can blame them?
Money managers like hedge funds have held a net long position of more than 1 billion notional barrels in the big three crude oil contracts in almost every week since late December.