CALGARY and WASHINGTON (Bloomberg) -- Oil bulls are charging into the new year with unprecedented vigor, and the credit goes to OPEC.
The signs that the group is winning its tug of war with shale are compelling, and money managers have taken note: Their combined bets on rising prices for West Texas Intermediate and Brent crude reached record levels in December.
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Headline crude prices for the week beginning 12 November 2018 – Brent: US$71/b; WTI: US$60/b
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