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Hedge Funds Pause Oil Sales as Mideast Tensions Rise

(Reuters) Hedge fund liquidation of petroleum futures and options positions stalled last week as bearishness about the global economy was tempered by fears about a possible disruption of oil exports from the Gulf. Hedge funds and other money managers were net sellers of just 3 million barrels in the six most important futures and options contracts linked to petroleum prices in the week to June 18.

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