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Bloomberg

Trend Riders Max Out on Bullish Oil for First Time Since 2021

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Algorithmic traders, the speculators known for riding trends and accelerating price momentum, have maxed out on bullish US oil bets for the first time in more than four years a move that's likely to add more volatility to a market being rocked by the war in Iran.  Rebecca Babin, Senior Equity Trader and Managing Director at CIBC Private Wealth joins to discuss what this makes for the markets.