Hedge funds last week sold off stocks of energy companies at the quickest pace in 10 months as oil prices slumped following the announcement of a ceasefire in the 12-day Iran-Israel war. The selling was seen across the board in energy stocks in every region, Goldman Sachs analysts wrote in a note to clients carried by Reuters. Last week’s selloff was at the fastest pace since September 2024 and at the second-fastest pace in ten years, according to the U.S. investment bank. The heaviest selloff was focused on the North American…
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