Slim Sells Oil Stocks for US$1.150B Amid Brent Surge

Mexican billionaire Carlos Slim has sold oil-related shares worth US$1.150 billion, including US$252 million this month, capitalizing on the Brent price surge. The sales represent nearly 75% of his earnings from Talos this year, signaling profit-taking amid elevated crude prices. This move may indicate reduced conviction in further oil upside, though it is a single investor's portfolio adjustment.

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