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OIL: Hedge Fund Managers Cut Net Bearish ICE Brent Positions

OIL

Money managers have decreased their bearish ICE Brent crude oil bets by 4,539 net-short positions to 8,141, according to weekly ICE data, cited by Bloomberg.

  • Long-only positions decline by 6,598 lots to 144,945 in the week to Sep. 17, a near 12-year low.
  • Short-only positions fell 11,137 lots to 153,086.
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Money managers have decreased their bearish ICE Brent crude oil bets by 4,539 net-short positions to 8,141, according to weekly ICE data, cited by Bloomberg.

  • Long-only positions decline by 6,598 lots to 144,945 in the week to Sep. 17, a near 12-year low.
  • Short-only positions fell 11,137 lots to 153,086.