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Crude Net Longs Rise but Gasoline Least Bullish in Three Years


Crude managed money net long positions increased last week with a rise in Brent positions offsetting a fall in WTI according to Commitments of Traders data released on Friday. The combined net long positions for Brent and WTI increased by +14k to 404k.

  • ICE Gasoil net long positions also fell again to the least bullish since early July but Nymex diesel net longs edged slightly higher on the week. Nymex gasoline net longs have fallen again to a three year low..
    • ICE Brent net longs increased by +74k to 227k
    • Nymex WTI net longs fell by -48k to 221k
    • ICE Gasoil fell by -6k to +26k
    • Nymex diesel fell by +4k to +37k
    • Nymex gasoline fell by -7k to 26k

Source: Bloomberg

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