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Oil Report Headlines

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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Green Party's Stein drops Pennsylvania presidential recount petition

HARRISBURG, Pa. Green Party candidate Jill Stein abruptly dropped her petition for a recount of all votes cast in the U.S. presidential election in Pennsylvania after a judge ordered her campaign to post a $1 million bond, court documents showed on Saturday.