April 13, 2024

Hedge Funds Boost Bullish Brent Bets to Highest Since 2021

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Money managers hiked bullish wagers on Brent crude to the highest since October 2021 as geopolitical risks in the Middle East escalated.

Money managers increased their net-long Brent positions by 4,100 to 303,935 in the week ending April 9, weekly ICE Futures Europe data on futures and options show.

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