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OIL POSITIONING: Funds Reduce Brent Net Longs in Week to Dec. 24

OIL POSITIONING
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Money managers reduced net long Brent crude positions in the week to Dec. 24 but remain above levels seen through most of the period between August and November, according to the ICE Commitments of Traders data.

  • Funds net ICE Gasoil positions remained relatively unchanged on the week to hold a net long after briefly switching to a net short position in the week to Dec. 10.
  • The delayed Nymex commitments of traders data is due for release later today at 15:30 ET.
    • ICE Brent fell by 31k to +154k
    • ICE Gasoil fell by 0.2k to +13k
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Money managers reduced net long Brent crude positions in the week to Dec. 24 but remain above levels seen through most of the period between August and November, according to the ICE Commitments of Traders data.

  • Funds net ICE Gasoil positions remained relatively unchanged on the week to hold a net long after briefly switching to a net short position in the week to Dec. 10.
  • The delayed Nymex commitments of traders data is due for release later today at 15:30 ET.
    • ICE Brent fell by 31k to +154k
    • ICE Gasoil fell by 0.2k to +13k