Oil is looking unstoppable as hedge funds take bets to new high

Hedge funds are setting new records for wagers on sustained oil price increases, while producers are hedging their output at record rates as oil has best January since 2006.
Photo: Nabil al-Jurani/AP/Polfoto/Arkiv
Photo: Nabil al-Jurani/AP/Polfoto/Arkiv
BY JESSICA SUMMERS, BLOOMBERG

The enthusiasm in the oil markets is breaking records.

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