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RPT-COLUMN-Saudi Arabia Squeezes Hedge Funds With Bearish Bets On Oil

by reuters.com posted 2years ago 1931 views
LONDON, Oct 10 (Reuters) - Saudi Arabia successfully confounded hedge funds with bearish views on oil by reaching an unexpected production deal with OPEC members in Algiers on Sept. 28, sending prices soaring in a short-covering rally.

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