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Brent Open Interest Increases to Highest Since March

OIL

Brent crude open interest has risen to the highest level since early March according to the latest data from ICE. Brent open interest is still 10% below the start of year levels and 30% below a peak in early 2021.

  • The WTI crude open interest is not showing any signs of recovery with levels 42% below the 2021 highs.

Source: Bloomberg

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