Speculators cut Brent longs to lowest this year: ICE

LONDON: Speculators cut their net long positions in Brent crude oil futures and options in the week to April 9, to the lowest level this year, data from the Intercontinental Exchange (ICE) showed on Monday.

Net length in gasoil futures fell to its lowest since July, the data showed.

Money managers cut their net long positions in Brent by 25,212 contracts to 116,880, its lowest level since Dec. 24, and lowered their gasoil net long positions by 12,572 contracts to 32,944, the lowest since July 23.