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AMERICAS OIL: Money managers increased their bullish Brent an WTI bets

AMERICAS OIL
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  • Bloomberg reports money managers have increased their bullish Brent and WTI oil bets by 27,304 combined net-long positions to 464,730, weekly ICE Futures Europe and CFTC futures and options data on four contracts show.
  • The net-long position was the most bullish in about nine months
  • Long-only positions rose 38,520 lots to 651,897 in the week ending Jan. 14
  • The long-only total was the highest in more than eight months
  • Short-only positions rose 11,216 lots to 187,167
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  • Bloomberg reports money managers have increased their bullish Brent and WTI oil bets by 27,304 combined net-long positions to 464,730, weekly ICE Futures Europe and CFTC futures and options data on four contracts show.
  • The net-long position was the most bullish in about nine months
  • Long-only positions rose 38,520 lots to 651,897 in the week ending Jan. 14
  • The long-only total was the highest in more than eight months
  • Short-only positions rose 11,216 lots to 187,167