ICE Brent Money Managers Raise Net-Longs by 3,972 Contracts

ICE Brent Money Managers Raise Net-Longs by 3,972 Contracts

Hedge-funds and other money managers
raised bullish bets on Brent crude by 3,972 contracts in the
week ended Feb. 7, according to data from ICE Futures Europe.
Speculative bets that prices will rise, in futures and
options combined, outnumbered short positions by 90,395 lots,
the London-based exchange said today in its weekly Commitment of
Traders report. That’s up from 86,423 the previous week.
Bearish bets by producers, merchants, processors and users
on Brent crude outnumbered bullish positions by 159,724 lots,
compared with 156,363 the previous week.
Swaps dealers were net-long 49,825 contracts, versus 53,878
a week earlier, the report shows.
Net-long managed-money bets on ICE gasoil futures and
options rose to 74,596 lots last week from 65,438 the week
before, according to the data.