OIL

"Hedge-fund managers and other large speculators last week increased their bets on rising oil prices to the most in seven months, according to U.S. Commodity Futures Trading Commission data.

Net-long positions, the difference between orders to buy and sell the commodity, increased more than fivefold to 64,120 contracts on Dec. 16, the commission said last week. "

SOURCE: http://www.bloomberg.com/apps/news?pid=20601087&sid=aCCR_e8Yfaug