Hedge Funds Betting Saudis Can't Make Up for Iran Oil Loss

Worth noting that hedge funds have placed their bets on this big game as Iran sanctions near. Fund managers are now holding a net long position of almost 500 million barrels in Brent. They're betting prices will jump further ...

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Oil analysts, traders, hedge fund managers are wrong 99.9% of the time. No one, but no one can predict oil prices and the oil market itself.

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And there is a rule of extremes here ... same with gold. When extremes started happening, the opposite tends to come true. What's your take? 

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