Earlier this week, oil reversed a four-week losing streak pushed higher by production shut-ins in Canada and analyst expectations that the tightness of supply is about to manifest itself during peak demand season. Yet traders have been selling oil and fuels these past weeks, and they might need more time to stop. Since April 18, hedge funds and similar entities have sold the equivalent of 249 million barrels of crude, Reuters' market analyst John Kemp reported in his column this week. The amount represents half of their previous positions…
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