Hedge Funds Dumped Commodities Stocks Before Oil Price Spike
- Hedge funds sold commodities-sensitive US stocks at accelerated pace before oil price spike
- Sales were fastest since June in chemical, building, paper stocks
- Energy stocks saw net selling for 2nd straight week through October 6
- Oil price jumped over $3/barrel on Monday after Middle East conflict
- Increase reversed previous week's downtrend, largest since March
/cloudfront-us-east-2.images.arcpublishing.com/reuters/HLWV3Q5I35JJJISS62SZK6UJRA.jpg)