Brent Crude Net Long Positions Fall to Six-Month Low, Down 75% Since March

According to the latest U.S. Commodity Futures Trading Commission data as of June 21, hedge funds and major speculators' net long positions in Brent crude have fallen to a six-month low, declining nearly 75% since late March. The shift reflects a broader market reversal from concerns over supply shortages—triggered by the U.S.-Iran conflict earlier this year—back to expectations of oversupply. Over 20,000 short-dated crude oil options contracts, equivalent to 20 million barrels monthly, have regained value as futures spreads between contract months narrowed to under $1 per barrel from previous highs exceeding $5.
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20Catsvip
· 50m ago
Steadfast HODL💎
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