Hedge funds and money managers significantly increased their net-long positions in Brent crude oil futures and options, with the net position almost doubling last week. Data from ICE Futures Europe showed an expansion by more than 68,000 lots to about 140,000 lots, marking the highest level since the end of the previous year. This surge included the purchase of the equivalent of 69 million barrels in futures and options linked to Brent over the seven days ending on June 18, representing the fourth-largest weekly purchase since 2013. However, in contrast, hedge funds and money managers boosted bearish bets against US gasoline to the highest level in more than five years, reflecting growing concerns about oversupply.
Hedge Funds have built the largest gasoline short position in more than 5 years https://t.co/j2z6iqRQ9L
🇺🇸 Hedge Funds Turn Most Bearish on US #Gasoline in Five Years – Bloomberg https://t.co/ObwzsSwq3t https://t.co/faeTswq3zy
Charts on crude net-positioning of non-commercial accounts (=managed money and other reportables) in Brent and WTI futures and options combined #OOTT latest value is June 18 https://t.co/PKJEQ4rmwm
Asset Managers have built the largest Japanese Yen short position in history https://t.co/oOZdhksZj8
Hedge funds and money managers boosted bearish bets against US gasoline to the highest in more than five years https://t.co/AgHygNHzRz
WTI net long positions decreased -2 mmb (-1%) for the week ending June 14 Open interest fell -107 mmb (-5%) Long positions increased +10 mmb (+4%) & shorts increased +12 mmb (+42%) #energy #OOTT #oilandgas #WTI #CrudeOil #fintwit #OPEC #Commodities https://t.co/iRhTJF67fA
Hedge funds and money managers boosted bearish bets against US gasoline to the highest in more than five years as worries about oversupply grow https://t.co/5TRu1elMrC
Money managers reduced their net-length in WTI crude oil futures and options by 2,069 contracts to 190,665 in the week ending June 18 Long-only positions rose by 9,844 Short-only positions rose by 11,913 other reportables net-length rose by 13,568 CFTC #oott
Aggregated open interest in Brent and WTI in million contracts #OOTT https://t.co/3Mw5459nTZ
And in case you wonder whether the #BOJ can be capable of (Day) Trading in Derivative contracts in order to try to topple $JPY short positions, the answer is yes (https://t.co/pJ3f9nLXIW) Fyi if those old contracts are still there the #BOJ is losing ~12bn$ (unaccounted for) https://t.co/HhHsZ5wHrf https://t.co/UiPkiG5mlJ
HEDGE FUNDS and other money managers purchased the equivalent of +69 million barrels in futures and options linked to Brent over the seven days ending on June 18. It was the fourth-largest weekly purchase in data going back to 2013. But it came after funds had sold -289 million… https://t.co/FKgWqDoXnh
#Oil Bulls Pile In as #Brent’s Net-Long Position Expands by Record - Bloomberg The net position almost doubled last week, expanding by more than 68,000 lots to about 140,000, data from ICE Futures Europe on futures and options showed.
🛢 #Oil Bulls Pile In as #Brent’s Net-Long Position Expands by Record - Bloomberg The net position almost doubled last week, expanding by more than 68,000 lots to about 140,000, data from ICE Futures Europe on futures and options showed. *That total is the highest since the end… https://t.co/TFEetFV6ZS