Hedge funds have increased bullish bets on crude oil to their highest levels in months, as geopolitical tensions between the US and Iran revive concerns over potential supply disruptions, according to a report by Bloomberg citing ICE Futures Europe data.
Money managers lifted their net-long positions in Brent crude by more than 31,000 contracts in the week to 3 February, taking total bullish bets to nearly 278,000 lots, the highest level in close to ten months, according to the figures. Net-long...
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