Hedge Funds Raise ICE Brent Crude Net-Longs to Two-Year High
This article is for subscribers only.
Hedge funds and other money managers raised bullish bets on Brent crude to the highest in more than two years, according to ICE Futures Europe.
Speculative bets that prices will rise, in futures and options combined, outnumbered short positions by 231,962 lots in the week to Aug. 27, the London-based exchange said today in its weekly Commitments of Traders report. That’s up 11 percent from last week and is the most since at least January 2011, the starting point for the data series.