Wednesday, 29 March 2017
Last updated 2 hours ago
Apr 22 2013 | 11:12am ET
Hedge funds have cut their long bets on oil.
Holdings of Brent crude contracts by asset managers dropped by 7.5% in the week ended April 16, ICE Futures Europe said. Hedge funds remain net-bullish on oil, however, with longs outnumbering shorts by 108,100 lots.
Hedge fund's long crude holdings have not been so low since December.