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Oil producers selling more of future output

This activity is threatening to slow biggest monthly price increase since 2009

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Oil producers are taking advantage of the biggest monthly price increase since 2009 to sell more of their future output, threatening to slow the rally.

New York

OIL producers are taking advantage of the biggest monthly price increase since 2009 to sell more of their future output, threatening to slow the rally.

New York-traded crude for next-month delivery gained 25 per cent in April on signs a record drop in drilling rigs is