Hedge Funds Set Up for Mideast Standoff as Bullish Oil Bets Grow
Oil tankers sit at the Petrobras Transporte SA (Transpetro) sea terminal in Sao Sebastiao, Sao Paulo state, Brazil. (Photographer: Dado Galdieri/Bloomberg)

Hedge Funds Set Up for Mideast Standoff as Bullish Oil Bets Grow

(Bloomberg) -- Escalating tension in the Persian Gulf is beginning to justify renewed optimism that oil will rebound.
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