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Money manager bets on oil rising near record *PIC*

Money manager bets on oil rising near record (by Claudia Assis)

SAN FRANCISCO (MarketWatch) -- Flows from money managers have pushed the oil market to "clear overbought territory" as bets oil will go higher approached record territory, analyst Tim Evans, with Citigroup's Citi Futures Perspective, said in a note to clients. Commitment of Traders' data released Friday showed money managers' cumulative net-long positions up to 202,000 contracts, nearer the record high of 217,000 in December the Commodity Futures Trading Commission reported.

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Money manager bets on oil rising near record *PIC*