Large money managers trimmed their bets on higher oil prices last week, data from the InterContinental Exchange (ICE) showed, reducing long positions as crude oil prices slipped lower after a sharp spike on worries over fighting in Iraq.
Speculators cut their net long positions in Brent crude oilfutures and options by 6,414 contracts to 235,787 in the week to July 1, ICE figures showed.
Gasoil net long positions were reduced by 1,319 contracts to 75,937 in the same week.
Source: Reuters
Speculators cut their net long positions in Brent crude oil
Gasoil net long positions were reduced by 1,319 contracts to 75,937 in the same week.
