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Drillers idled 49 US oil rigs last week, bringing the total to 1,317, the lowest level in two years
Wed, Jan 28, 2015 Mark Shenk (Bloomberg) 795

This article originally appeared at Bloomberg


Money managers increased short positions in West Texas Intermediate crude to the highest level since September 2010 in the week ended Jan. 20, U.S. Commodity Futures Trading Commission data show. Net-long positions slipped for the first time in three weeks.