For the week to Mar 26, the crude futures continued to record relatively bullish sentiment but saw a higher level of risk adopted by bearish money managers. Total long positions in Brent and WTI increased by over 19mbbls (+3.27% w-o-w), whilst total short positions rose by over 14mbbls (+3.27%). As a result, total net positioning strengthened by 5mbbls (+1.03% w-o-w) this week, compared to the previous week’s increase of over 100mbbls.
Subscribe to Edge to unlock this Research
Edge is the proprietary research arm of Onyx:
the #1 liquidity provider of oil futures
OR
