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Commodity funds BlueGold, Clive miss out on oil rally

Reuters – At least two major commodity funds have missed out on this year’s oil rally, one of the energy market’s biggest since the financial crisis, market sources said.

BlueGold and Clive Capital, both based in London and known for taking big bets on oil, have relatively weak returns to show for the first two months of the year when crude prices put in one of their strongest two-month performances since 2009.

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