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Brent crude futures fall and hedge fund net positions decline

Commodity Context · ·by G4L

  1. 1Weekly Brent crude futures prices recorded a decline of approximately $20 per barrel.
  2. 2Diesel spreads fell by approximately $30 per barrel from the September peak.
  3. 3Net positions of hedge funds and other asset managers decreased by 78 million barrels from last week to Tuesday.

So what's the key point?

Oil prices fell by about $20 per barrel over one week. Investors reduced their movement to buy oil.

Source Commodity Context · View original ↗

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