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Today's Oil & Gas Update - Vaalco Energy and more...


WTI Oil US$64.3/bbl vs US$65.3/bbl yesterday
Natural Gas US$2.91/mmbtu vs US$2.93/mmbtu yesterday
 
Oil Price News 
Money managers continue to take a bullish stance in oil futures and options contracts, estimating that oil prices will increase later this year as economies reopen and travel and fuel demand rise
In the week to 4 May, hedge funds bought the equivalent of 40MMbbls in both Brent and WTI according to Reuters
This was the fourth week in a row in which portfolio managers have added long positions in oil futures
In the week to 27 April, hedge funds added the equivalent of 30MMbbls in the six most important petroleum futures and options contracts ....

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