Speculators raised bullish bets on Brent crude ahead of OPEC -ICE

Speculators raised bullish bets on Brent crude ahead of OPEC -ICE

May 30, 2017
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By hellenicshippingnews.. Investors raised their bullish bets on Brent crude oil to a four-week high in the week to May 23 ahead of OPEC’s meeting over whether to extend output cuts, data from the InterContinental Exchange (ICE) showed. Hedge funds and money managers increased their net long positions on Brent crude by 51,453 contracts to 347,852, the … Read full story ›

Source:: Hellenic shipping news Oil