Marketview: Broken Bets

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Macro fears that battered the market this week were the last straw for holdout speculators that had stubbornly believed in a price rally despite fast-rising crude inventories. Banks and funds selling this market have exacerbated the drop in oil prices. As a result, Brent is staring at $70 per barrel instead of $90.

Oil Inventories, Oil Futures and Derivatives, Crude Oil, Oil Products
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