Money managers net interest in ICE Brent holds near historical highs but headline-driven volatility has started pushing speculators to the exit.
Money managers net interest in ICE Brent hits highest since January 2020.
Money managers net interest in ICE Brent hits highest since February 2020 as shorts drop to the lowest since Nov 2023.
WTI finishes with a record weekly gain and the highest prompt settle since Sep 2023. Fund managers hit the exit after initial MidEast developments.
Speculative short interest in Brent and WTI increased for the first time in eight weeks, perpetuating upside risks to price/volatility as U.S.-Iran negotiations heat up.
A closer look at fund managers' energy market futures and options positioning
