COLUMN-Hedge funds accelerate oil sales as economy worsens: Kemp - Reuters:
Hedge fund managers have stepped up their sales of crude oil and refined fuels amid growing concerns about the outlook for the world economy and oil consumption.
Hedge funds and other money managers sold 122 million barrels in the six major petroleum futures and options contracts during the week to May 28, the heaviest one-week selling since October 2018.
Fund managers sold Brent (41 million barrels), NYMEX and ICE West Texas Intermediate (38 million barrels), U.S. gasoline (11 million barrels), U.S. heating oil (12 million barrels) and European gasoil (20 million barrels).
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