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

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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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