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AUG 05, 2013 - Business Insider

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Hedge Funds Have Never Been More Crowded Into The Oil Trade

West Texas Intermediate (WTI) crude oil futures are up an impressive 27.2% in just the last 9 months. After hitting a high of $108.93 a barrel on July 19, the long-oil trade took a breather, but last week, oil supply disruptions in Libya sent futures back toward recent highs, and today, WTI trades around $106.50 a barrel. "Oil is now, according to our commodities team, the most richly traded commodity in the world in real terms after massive appreciation over a multi-year horizon," say Deutsche Bank strategists Rocky Fishman, Salil Aggarwal, and Lon Parisi. BofA Merrill Lynch ... Read More

Tags: Hedge Funds Have Never Been More Crowded Into The Oil Trade,  Commodities Latest News