On August 10, according to Intercontinental Exchange (ICE), speculators’ net long positions of ICE Brent crude oil decreased by 52,552 contracts to 25,438 contracts, reaching a new low since January 2011. Pure long positions fell to 175,351 contracts, reaching a recent eleven-year low; pure short positions rose to 149,913 contracts, reaching a new high in over two months.
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Brent crude bullish sentiment hits all-time low
On August 10, according to Intercontinental Exchange (ICE), speculators’ net long positions of ICE Brent crude oil decreased by 52,552 contracts to 25,438 contracts, reaching a new low since January 2011. Pure long positions fell to 175,351 contracts, reaching a recent eleven-year low; pure short positions rose to 149,913 contracts, reaching a new high in over two months.