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Brent Crude Net Longs Fall Towards October Lows

OIL POSITIONING

ICE Brent Crude managed money net long positions fell towards the lowest since May seen mid last month according to the latest Commitments of Traders data via Bloomberg.

  • ICE Gasoil net long positions rose on the week to halt the declining trend seen since mid August.
  • The delayed Nymex CFTC positioning is due for release later today due to Thanksgiving holiday last week.
    • ICE Brent net longs fell by -16k to +155k
    • ICE Gasoil rose by +13k to +22k

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