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Cayler Capital and Northern Trace Capital were among the energy-focused funds stung by oil’s choppy, rangebound trading last month, which left traders and algorithmic strategies with few opportunities to generate profits. Cayler, a commodity trading adviser, was down nearly 9% in May, taking its year-to-date loss to about 13%, according to preliminary ...
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The deal reached on 2 June extends all Opec+ crude production cuts into 2025 but with a caveat that the group could start to unwind, in stages, the 2.2mn b/d 'voluntary' cuts taken by some members over 12 months from October. Front-month Ice Brent crude prices have since the meeting fallen below $80/bl for the first time since February. Speaking at a panel ...