Hedge funds added fuel to the fire of oil rally

Speculators increase the long positions inspired by almost 30 percent rise in price of oil for three months. Hedge funds put on continuation of growth of price of oil and that the barrel will be soon more expensive than 100 dollars. Thereby, they strengthen rally in the oil market, oil production caused by reductions the main oil-producing countries. Saudi Arabia, reminds newspaper "The Financial Times", prolonged the unilateral decrease in production for 1 million barrels a day until the end of the year, and Russian Federation reduced oil export. These additional measures of informal leaders of the agreement OPEC together with decrease...