Latest news with #ICEFuturesEurope
Bloomberg
2 days ago
- Business
- Bloomberg
Hedge Funds Hike Bullish Oil Bets Amid Canada Wildfire Risk
By Hedge funds boosted their bullish stance on US crude by the most in five months as wildfires endangered Canadian flows and OPEC+ increased production less than some had feared. Money managers increased their net-long position on West Texas Intermediate by 42,496 lots to 163,078 lots in the week ended June 3, the biggest jump since January, data from the Commodity Futures Trading Commission show. At the same time, net-long bets on Brent crude rose to a two-month high, according to figures from ICE Futures Europe.
Bloomberg
23-05-2025
- Business
- Bloomberg
Hedge Funds Turn More Bullish on Brent Oil as Iran Talks Stall
Hedge funds boosted their bullish position on Brent crude by the most since early April as fading prospects for a quick US-Iran nuclear deal raised expectations that the OPEC member's flows may be curtailed. Money managers increased their net-long position on Brent by 12,185 lots to 163,329 lots in the week ended May 20, according to figures from ICE Futures Europe. That's the most bullish since just before US President Donald Trump's tariff rollout.
Bloomberg
11-04-2025
- Business
- Bloomberg
Hedge Funds Reversed Oil Bets at Record Pace After Trump Tariffs
Hedge funds reversed their position on oil at the fastest pace on record as US President Donald Trump imposed tariffs against major trade partners, threatening to cripple global energy demand. Money managers slashed their net-long position on Brent by 162,344 lots to 155,838 lots in the week ended April 8, the biggest drop in data going back to 2011, according to figures from ICE Futures Europe. Meanwhile, long-only bets on West Texas Intermediate fell to the lowest since 2009, data from the Commodity Futures Trading Commission show.
Bloomberg
04-04-2025
- Business
- Bloomberg
Hedge Funds Ramped Up Bullish Oil Bets Ahead of Tariff Day Drop
Hedge funds increased their bullish positioning on Brent crude to the highest in 11 months in the week before the biggest market meltdown since 2022, revealing just how badly some investors underestimated Trump's aggressive trade policy. Money managers increased their net-long position on Brent by 56,112 lots to 318,182 lots in the week ended April 1, the highest since late April 2024, according to figures from ICE Futures Europe. Traders hedged against tighter global supply balances after US President Donald Trump threatened secondary tariffs on Russian oil exports if negotiations with Ukraine stalled.
