September 20, 2024 18:10 GMT
OIL: Money Managers Raise Net-Short Gasoil Bets to Record High
OIL
Money managers have boosted their net-short gasoil positions by 8,222 to 72,683, according to weekly ICE data, cited by Bloomberg.
- The net-short position was the most bearish on record since records began in 2011.
- The long-only position fell 2,787 lots to 40,111 in the week to Sep. 17, the lowest in 12 years.
- Short-only positions were up 5,435 lots to 112,794, the highest on record.
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