Investors Back Oil’s Jump Above $60 With Surge in Bullish Bets
The silhouette of an oil pump jack is seen in Texas, U.S. (Photographer: Daniel Acker/Bloomberg)

Investors Back Oil’s Jump Above $60 With Surge in Bullish Bets

(Bloomberg) -- Hedge funds boosted bets on rising U.S. crude prices to the highest level in more than seven months, helping support oil’s first full week above $60 a barrel since May.
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