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Speculators hike net-long positions in Brent

Money managers and hedge funds have increased their net-long bets on ICE Brent futures in the week to 18 August. Speculators bought over 11,000 lots as of 18 August, increasing net-long positions in…

  • Speculators increased net-long positions in Brent futures by 11,000 lots.
  • Net-long positions rose to nearly 252,000 lots, a second consecutive week of growth.
  • Fading hopes of US-Iran diplomatic breakthrough constrain commercial navigation.

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