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Markets

Speculators cut Brent, gasoil net longs: ICE

Published Updated

bre541LONDON: Speculators cut their net long positions in Brent crude oil and gasoil futures and options in the week to March 12, data from the IntercontinentalExchange (ICE) showed on Monday.

Money managers reduced their net long positions in Brent by 11,796 contracts to 119,432 in week, and at the same time cut their gasoil net long positions by 9,553 contracts to 70,483.

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