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Ole Hansen
Brent Oil is used as the benchmark for more than half of all global transactions but only a bit more than one percent originates from the four production sites which make up the benchmark.
Financial Calendar
Article / 14 January 2013 at 13:20 GMT

Brent Crude speculative net-long position rises to near record

Ole Hansen Ole Hansen
Head of Commodity Strategy / Saxo Bank
Denmark

Hedge funds and other money managers raised bullish bets on Brent Crude by 10,925 contracts during the week ending January 8 according to data released by the ICE Futures Europe exchange. This was the fourth consecutive week of rising net-long positions and the total net-long of 150,036 is now less than 900 contracts from the record high seen on March 23 last year, during which time the price of Brent Crude was hovering above USD 123 per barrel spurred on by worries about potential supply shortages as the Iranian sanctions moved closer. 

Speculative positioning in Brent crude oil and Gas oil

 

Brent crude and Gas oil speculative positioning

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