In the week ending 15 Oct, Brent and WTI futures saw increasingly choppy price movements, although both contracts concluded the week softer than where they started. Combined Brent and WTI managed-by-money positioning showed a 41.6mb (-9.8%) decline in long positioning w/w alongside the removal of 1.2mb (-0.8%) of short positions. In addition, producers/merchants liquidated 9.4mb (-0.70%) and 36.8mb (-2.30%) from their Brent and WTI longs and shorts, respectively.
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