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CFTC Report: The Long Jump

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For the week to Apr 02, the combined positions by money managers in Brent and WTI showed a return to bullish positioning, overall. The combined long positions increased by 20mbbls (3.29%), with both Brent and WTI seeing funds increasing their buy-side risk. There was a similar closing of sell-side positions too, which fell by 1.6mbbls (1.37%).

As a result, total money managers’ net positioning strengthened by 21.8mbbls (+4.39% w-o-w) this week, compared to the previous week’s increase of just 5mbbls.

Prod/merc participants in Brent and WTI reversed their risk-on appetite seen in the week to Mar 26, as both long and short positioned players removed their positions in the week to Apr 2, by 91.7mbbls and 91.5mbbls respectively.

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Our team of skilled analysts, by utilising the depth and breadth of Onyx's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.