(Reuters) Hedge funds are cautious on the outlook for oil prices, despite a slump at the end of last year, as fears about the global economy outweigh output cuts by OPEC and its allies. Fund managers cut bullish positions in Brent crude futures and options by 10 million barrels in the week to Dec. 31, exchange data published on Friday showed. Funds have cut their net long position in Brent to just 152 million barrels, down from almost 500 million at the end of September
Hedge Funds Dump Crude and Diesel as Economic Outlook Darkens
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