ABU DHABI/AD MEDIA OFFICE UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has directed …
Read More »Oil short-selling rears its ugly head as shale fears mount
Bloomberg Short-selling is creeping back into the oil market as fears increase that the US will be awash with oil again. Hedge funds boosted bets on falling West Texas Intermediate crude prices by the most this year after American production surged to record levels. While OPEC this week reaffirmed its commitment to rebalancing the market, US fields are forecast to …
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