Hedge Funds Boost Bullish Brent Bets on Sanctions, Mideast Risk
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Hedge funds boosted their bullish position on Brent crude by the most in five months as a fresh US clampdown on Iran and a flare-up in Middle East tensions threaten to squeeze global flows.
Money managers increased their net-long position on Brent by 55,932 lots to 262,070 lots in the week ended March 25, the biggest jump since October, according to figures from ICE Futures Europe.