John Kemp, Reuters, keeps us up to date on hedge fund activity in Brent oil markets, here… Note that the CFTC Committment of Traders Report is still behind due to the government shutdown… Here is Kemp’s chart:
“But funds have become only moderately bullish on crude, with long positions outnumbering short ones by a ratio of less than 6:1 compared with as much as 12:1 or even 20:1 at times between 2016 and 2018.”
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