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OIL PRODUCTS: ICE Net Bearish Gasoil Bets Hits Record High: Bloomberg

OIL PRODUCTS

Money managers have increased their bearish gasoil bets by 26,262 net-short positions to 64,461, according to Bloomberg citing ICE data.

  • The net-short position is the most bearish on record for the data going back to Jan. 2011.
  • Long-only positions fell 5,094 lots to 42,898 in the week ending Sep. 10, the lowest in 15 months.
  • The short-only position was the highest on record, up 21,168 lots to 107,359.

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