Bloomberg News

ICE Brent Crude Money Managers Raise Net-Longs by 11,911 Lots

October 17, 2011

Oct. 17 (Bloomberg) -- Hedge funds and other money managers raised bullish bets on Brent crude by 11,911 contracts in the week ended Oct. 11, according to data from ICE Futures Europe.

Speculative bets that prices will rise, in futures and options combined, outnumbered short positions by 41,004 lots, the London-based exchange said today in its weekly Commitment of Traders report.

To contact the reporter on this story: Grant Smith in London at gsmith52@bloomberg.net

To contact the editor responsible for this story: Raj Rajendran at rrajendran4@bloomberg.net


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