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Top Oil Traders Turn Bearish on Prices, Seeing Oversupply

Markets

Devika Krishna Kumar

·

March 12, 2025

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Bloomberg

The mood at Houston’s big annual oil and gas get-together has been upbeat on the prospects for the industry under a fossil fuel-friendly Trump administration. But there’s a significant catch: some of the biggest oil traders are getting more bearish on the outlook for crude prices.

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