Hedge funds have scaled back their bets on rising oil prices to the lowest level in a year, the latest case of investors growing wary of a once-hot market. Bullish bets on U.S. crude outnumbered bearish ones by 4-to-1, Commodity Futures Trading Commission data as of Oct. 23 show. The ratio is the lowest since October 2017 and compares with a 26-to-1 ratio from early July. Speculative...

Source: Wall Street Journal October 30, 2018 12:03 UTC