Hedge funds have lifted their bullish positioning in Brent crude to its highest level since May as renewed fighting between the US and Iran raises the prospect of further disruption to oil shipments through the Strait of Hormuz, according to a report by Bloomberg.
Money managers increased their net-long Brent position by 37,837 contracts to 261,435 in the week through 1 September, according to ICE Futures Europe data on futures and options. That was the highest level of bullish positioning in mo...
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