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Oil Report Headlines

UPDATE 2-Hedge funds' bullish U.S. crude bets soar to 6-week high after OPEC deal

(Adds positioning in refined products, milestone in ULSD net longs) By Devika Krishna Kumar NEW YORK, Dec 9 Hedge funds rushed to place bullish wagers on U.S. crude oil, data showed on Friday, after the world's largest producers agreed to curb output for the first time since 2008 in an effort to rein in a glut and support prices. The speculator group raised its combined futures and options position in New York and London by 86,085 contracts to 275,763 in the week to D

UPDATE 2-Hedge funds trim bullish bets on U.S. crude ahead of OPEC deal

(Adds more data, positioning in refined products) NEW YORK, Dec 2 Hedge funds and money managers scaled back their bullish bets on U.S. crude oil in the days ahead of a landmark deal by the world's top crude exporters to cut production and rein in a global glut, data showed on Friday. The speculator group cut its combined futures and options position in New York and London by 2,418 contracts to 189,677 during in the week to Nov. 29, the U.S. Commodity Futures Trading Commi

PRESS DIGEST- British Business - Dec 1

Dec 1 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

After OPEC deal, oil expected to rally - for the moment

NEW YORK, Nov 30 Oil's blistering rally of up to 10 percent to $50 a barrel on Wednesday should continue into next week, analysts and fund managers said, after the world's top producers announced a historic deal to rein in output.

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Senate passes funding bill, Obama signs into law

WASHINGTON The U.S. Senate passed legislation on Friday to fund the government through April and President Barack Obama promptly signed it into law, after Democrats who had sought more generous healthcare benefits for coal miners stopped delaying action on the measure.