Net Speculative Oil Length News

Bets on Oil Rally Highest Since July

ICE Brent net longs up 11,371 contracts to 182,783; highest net length in ICE Brent crude since July 2014. Hedge funds and large speculators increased their bets on rising Brent crude oil prices last week to their highest for more than seven months, exchange data showed on Monday. Speculators increased their net long positions in Brent futures and options by 11…