Short sellers are returning to oil

Once bull bets on brent have reached a historic record and commodity futures have risen to two-year highs, hedge funds are beginning to believe that growth has peaked.
Bets on falling oil prices rose most since June. This, as tensions in the Middle East began to normalize and investors again began to reduce expectations for a unified OPEC position with regard to future production constraints.
Hedge funds have cut their net long positions in Brent by 1% to 537,557 contracts for the week to November 14. At the same time, short stakes have risen by 8.7%.
More and more experts say that oil may not have come out of its range, as OPEC countries are asking for. Or it is entirely possible that the price of oil will return to levels of about 60 dollars per barrel.