* G20 puts growth before austerity, vows to tread carefully* Hedge fund bets on U.S. oil prices hit record level -CFTC* China frees up lending rates in major reform* Coming Up: U.S. existing home sales; 1400 GMTBy Manash GoswamiSINGAPORE, July 22 (Reuters) – U.S. oil continued to trade...US oil retains premium to Brent, holds above $108 on demand hopes
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