BusinessWeek – Hedge funds and other money managers cut bullish bets on Brent crude by 11 percent in the week ended Oct. 25, according to data from ICE Futures Europe.
Speculative bets that prices will rise, in futures and options combined, outnumbered short positions by 48,408 contracts, the London-based exchange said today in its weekly Commitment of Traders report. Net-long positions fell by 5,800 contracts, from 54,208 a week earlier.
