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Oil bull Hall’s hedge fund makes first gain in 5 months

Reuters – Billionaire oil trader Andy Hall’s hedge fund has made money for the first time since February, aided by a rebound in oil prices he pinned on tightening sanctions on Iran and stalling production growth from Brazil to North Dakota.

Astenbeck, the 61-year-old’s Connecticut-based commodities fund, gained 4 percent in July, ending a string of monthly declines, according to data he shared with investors this week and obtained by Reuters.

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