Hedge Funds Boost ICE Brent Crude Net-Longs by 14,833 Lots
Speculative bets that prices will rise, in futures and options combined, outnumbered short positions by 72,356 lots, the London-based exchange said today in its weekly Commitment of Traders report.
Bearish bets by producers, merchants, processors and users on Brent crude outnumbered bullish positions by 64,365 lots, compared with 56,049 the previous week.
Swaps dealers were net-short 6,923 contracts, compared with a net-short position of 5,198 a week earlier.
Net-long managed-money bets on ICE gasoil futures and options fell to 57,724 contracts last week. That’s down 5,236 lots from 52,488 the previous week.
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