Is paramagnetized liquid oxygen itself a magnet?

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dlwilliamson
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1. When liquid oxygen, being paramagnetic, is placed in a magnetic field it possesses magnetization in direct proportion to the field strength.



2. Does this mean that it emits a magnetic field and is itself a magnet while in this field



3. or is it just a part of the larger magnetic field it is immersed in?
 
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I believe because liquid oxygen is paramagnetic, and not ferromagnetic, it cannot be called a magnet. But this depends on your definition of a magnet. I think the official definition is that a magnet must hold a persistent magnetisation, which oxygen would not do once removed from a magnetic field.
 
Yes, But does it have its own magnetic field while in the larger magnetic field?