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OIL: Net Bullish Brent, WTI Oil Bets Boosted to 9-Month High-BBG

OIL
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{7Net Bullish Brent, WTI Oil Bets Boosted to 9-Month High-BBG

  • Money managers have increased their bullish Brent and WTI oil bets by 27,569 combined net-long positions to 492,299, 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 14,964 lots to 666,861 in the week ending Jan. 21
  • The long-only total was the highest in about nine months
  • Short-only positions fell 12,605 lots to 174,562
  • The short-only total was the lowest in about six months
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{7Net Bullish Brent, WTI Oil Bets Boosted to 9-Month High-BBG

  • Money managers have increased their bullish Brent and WTI oil bets by 27,569 combined net-long positions to 492,299, 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 14,964 lots to 666,861 in the week ending Jan. 21
  • The long-only total was the highest in about nine months
  • Short-only positions fell 12,605 lots to 174,562
  • The short-only total was the lowest in about six months