Hedge Funds Abandon Energy Stocks Amid Oil Price Slump ...Middle East

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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