Money managers were happy to add buy-side risk in crude oil when considering the positioning in WTI and Brent in the week ending 24 Sep. While we saw price action in both Brent and WTI futures flat price climb up this week, as the combined Brent+WTI managed by money long:short ratio increased from 1.49:1.00 to 1.80:1.00 in the week to 24 Sep. We saw combined money managed long positioning in Brent and WTI futures increase by over 42.5mb (13.4%) while combined short positioning declined by around 13.4mb (-6.2%) in the week ending 24 Sep.
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