COLUMN-Crude oil prices stalled as hedge funds sold: Kemp ...Middle East

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COLUMN-Crude oil prices stalled as hedge funds sold: Kemp
source : Devdiscourse ( Middle East ) () 46
Crude oil prices have stalled as the wave of hedge fund buying that helped lift them throughout July and the first part of August has been replaced by gentle selling. Hedge funds and other money managers sold the equivalent of 30 million barrels in the six most important petroleum futures and options contracts over the seven days ending on Aug. 22.

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