Markets

Speculators cut Brent, gasoil net longs: ICE

Published March 18, 2013 Updated March 18, 2013 01:14pm

1 min

By Muhammad Iqbal

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LONDON: 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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