In the week to 08 Oct, managed by money positions saw mixed interest across the crude futures, with funds’ net positioning in Brent far more extreme. In Brent, money managers added a massive 75.7mb to long positions and closed 50.8mb of shorts, resulting in a net increase of 126.5mb w/w, reflecting a bullish outlook. WTI saw funds remove 7.8mb of short positions while cutting longs by 13.7mb, bringing the long-to-short ratio up to 3.15:1.00 from 2.99:1.00 the previous week. We saw combined money managed long positioning in Brent and WTI futures increase by 62.0mb (+17.0%) while combined short positioning decreased by around 58.7mb (-28.6%) for the week ending 08 Oct.
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