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Hedge Funds Flood Into Oil As Threat Of Omicron Disruption Recedes

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Oil markets attracted a new wave of interest from investors at the end of 2021 and start of 2022, as the threat of widespread economic and aviation disruption from Omicron seemed to recede.

Hedge funds and other money managers purchased the equivalent of 31 million barrels in the six most important petroleum-related futures and options contracts in the week to Jan. 4.

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