Latest news with #ICEFutures
Bloomberg
an hour ago
- Business
- Bloomberg
Hedge Funds Rush Into Oil Long Bets as Mideast Conflict Grows
Hedge funds boosted their bullish position in Brent crude by the most since early October as Israel's strikes against Iran's nuclear program imperiled a region that produces around a third of the world's oil. Money managers increased their net-long position on the global benchmark by 76,253 lots to 273,175 lots, the biggest gain in eight months, in the week ended June 17, according to figures from ICE Futures Europe. Short-only positions tumbled to the lowest in more than four months.
Bloomberg
2 days ago
- Business
- Bloomberg
Demand for Oil Loading Outside Persian Gulf Soars on War Risk
Middle Eastern oil that loads outside the Persian Gulf and at least one Malaysian grade are suddenly more popular with Asian buyers as the Israel-Iran conflict threatens to imperil the passage of vessels through the Strait of Hormuz. Take Murban, which can be exported from Jebel Dhana on the Persian Gulf and, if purchased on the ICE Futures Abu Dhabi exchange, from Fujairah on the Indian Ocean-side of the strait. Trading volumes on ICE Futures shot up to 44,000 lots Friday, almost triple the average for the year prior to that, after the initial Israeli strikes. They've stayed elevated this week.
Bloomberg
13-06-2025
- Business
- Bloomberg
Hedge Funds Ramped Up Bullish Oil Bets Ahead of Israel's Attack
Hedge funds took the most bullish stance on US crude since January in the week before Israel launched strikes against Iran's nuclear program, putting them in a position to profit from this week's jump in oil prices. Money managers increased their net-long position on West Texas Intermediate by 16,056 lots to 179,134 lots in the week ended June 10, data from the Commodity Futures Trading Commission show. Hedge funds' bullish position on Brent crude rose to a 10-week high, according to figures from ICE Futures Europe.
Bloomberg
30-05-2025
- Business
- Bloomberg
Hedge Funds Rush Into Oil Short Bets as OPEC Supply Risk Looms
Hedge funds loaded up on the most bearish bets against Brent crude since October as the market braced for a fresh injection of OPEC+ supply. Money managers upped their short-only bets on Brent by 16,922 lots to 130,019 lots in the week ended May 27, the most in eight months, according to figures from ICE Futures Europe. At the same time, short-only bets against West Texas Intermediate rose to a three-week high, data from the Commodity Futures Trading Commission show.
Bloomberg
29-05-2025
- Business
- Bloomberg
UAE's Flagship Crude Oil Sees Record Volume as OPEC+ Adds Supply
Trading activity in United Arab Emirates' flagship crude has surged this month to the highest on record, as OPEC+ raises supply quotas. Aggregate open interest across the full curve in Murban futures on ICE Futures Abu Dhabi rose to 81,000 lots earlier this month, the highest since the contract was introduced in March 2021, exchange data show.
