Shorting OPEC, Hedge Funds Leave Crude Prices at Risk from Recoil

(Reuters) As ministers from the Organization of the Petroleum Exporting Countries head to Vienna, hedge funds have almost never been more bearish about the outlook for oil prices.Hedge funds and other money managers held short positions in the main WTI and Brent crude futures and options contracts amounting to 294 million barrels on Nov. 24, according to regulators.

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