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Net Bullish Gasoil Bets Cut to 20-Week Low: Bloomberg

OIL

Money managers have cut their bullish gasoil bets by 22,838 net-long positions to 19,472, according to Bloomberg citing weekly ICE Futures Europe data.

  • The net-long position has moved to its least bullish in 20 weeks.
  • Long-only positions fell by 4,490 lots to 67,522 in the week to June 4, the lowest in four weeks.
  • The short-only positions rose 18,348 lots to 47,780, a near four-month high.

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