Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Commodities  >  London Brent Oil    XBNT   XX00000BRENT

SummaryQuotesChartsNewsAnalysis 
News SummaryAll newsTweets

Investors cut bets on Brent crude rally, raise bets against

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/26/2017 | 01:58pm CEST

LONDON (Reuters) - Speculators cut their net holdings of Brent crude futures and options to the lowest level in 18 months, while raising their bets against a price rise to their highest since records began in 2011, data showed on Monday.

Positioning data from the InterContinental Exchange showed money managers cut their net long position in Brent crude futures and options by 54,162 lots to 228,995 contracts in the week to June 20, the lowest level since mid-January 2016, when the oil price hit a near-13 year low of $27.10 a barrel.

Short positions rocketed to 168,804 lots, the highest since ICE began publishing the data in 2011.

In the week to June 20, benchmark Brent crude futures <LCOc1> fell by 5 percent to around $46 a barrel, their lowest since November 2016.

Investors in diesel futures and options added to their bullish bets, raising their net long holdings by 4,122 contracts to 9,012 lots in the same week.

(Reporting by Amanda Cooper; editing by Jason Neely)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LONDON BRENT OIL
12:36pBrent crude oil hits three-month low as output rises
RE
07:16aBrent Oil Futures Tick Up Some After Monday's Slump
DJ
07/16Brent oil falls 4 percent to three-month low as supply outage concerns ease
RE
07/16Brent oil falls four percent to three-month low as supply outage concerns eas..
RE
07/13Brent Rebounds Following Morning Pullback in Asia
DJ
07/12Brent oil rises on concerns about spare capacity
RE
07/12Brent oil rises on concerns about spare capacity
RE
07/11Crude oil benchmark Brent sees biggest one-day fall in two years
RE
07/11Crude oil benchmark Brent sees biggest one-day fall in two years
RE
07/09Brent Rises on Continued Libya Outage
DJ
More news
Chart LONDON BRENT OIL
Duration : Period :
London Brent Oil Technical Analysis Chart | XBNT | XX00000BRENT | 4-Traders
Technical analysis trends LONDON BRENT OIL
Short TermMid-TermLong Term
TrendsBearishBullishBullish