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1 Min Read NEW YORK, Jan 13 (Reuters) - Hedge fund Balyasny Asset Management (BAM) has hired two senior energy traders, sources familiar with the matter said on Wednesday. The firm hired Mike Grigsby, former senior managing director and head of proprietary crude oil trading at commodities merchant Castleton Commodities International, the sources said. BAM also hired Maxim Zaraisky, formerly global head of gas and power at investment management firm Squarepoint Capital, sources said. He joined B...

Oil prices edged higher on Thursday, boosted by a weak dollar and bullish signals from Chinese import data but pressured by renewed worries about global oil demand due to surging coronavirus cases in Europe and new lockdowns in China.

Read more about Oil prices ease as Covid surge, lockdowns outweigh Chinese, US data on Business Standard. Brents six-month backwardation, whereby contracts for later delivery are cheaper, fell to its lowest since Jan. 5, indicating bullish sentiment easing

Oil prices tumbled nearly 3% on Monday as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe sparked worries about a slower recovery in fuel demand.