Managed money is extremely long Brent…WSJ

February 21, 2017 by Jim Colburn Leave a Comment

The Wall Street Journal ha a nice chart showing net length of money mangers in Brent crude oil here:

“Managed-money accounts increased the number of long positions, or bets on rising Brent prices, to the equivalent of 525 million barrels of crude, while cutting the number of short positions, or bets that prices will fall, to 44 million barrels, according to the Commitment of Traders report from the ICE.

In the U.S., wagers on rising oil prices have hit their highest point in more than 10 years of record-keeping by the Commodity Futures Trading Commission.”

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

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