Oil Snaps Three-Day Rebound as Funds Shun Short-Term Crude
The SCF Provider crude oil tanker is anchored in the Pacific Ocean in this aerial photograph taken above Long Beach, California, U.S. (Photographer: Patrick T. Fallon/Bloomberg)

Oil Snaps Three-Day Rebound as Funds Shun Short-Term Crude

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(Bloomberg) -- Oil halted a three-day rebound as a number of funds shifted away from near-term contracts, fearing a repeat of the meltdown last month that saw prices plunge below zero.