Money managers are continuing to bet on oil futures going higher, according to data from the...

|By:, SA News Editor

Money managers are continuing to bet on oil futures going higher, according to data from the Commodity Futures Trading Commission released today. Managers ended the week with 284,800 long positions in crude oil, versus just 12,768 short positions. Oil ended 2% lower on today, and lost 2.8% on the week, breaking a string of three consecutive weeks of gains.