Citadel Seeks US Shale Oil Assets
Hedge fund giant Citadel has held discussions to acquire US oil production assets. The firm recently bid for WildFire Energy as part of an expansion into physical commodities.
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Hedge fund giant Citadel held talks to buy United States shale assets in a $4.06B auction, according to five people familiar with the matter. The move marks a broader push by financial firms into physical commodity ownership. Commodities trading desks are expanding into physical infrastructure to hedge against paper trading losses during supply shocks.
