Rory Johnston: Brent net speculative positions revert to mid-January levels

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Brent speculative positions return to January

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Ivan Andriyenko

1 hour ago

Rory Johnston: Brent net speculative positions revert to mid-January levels — Brent speculative positions return to January

Rory Johnston reports that Brent net speculative positions experienced a significant decline over the past week.

The latest movement brings the positions back to levels last observed in mid-January, a period when Brent crude traded around $65 per barrel.

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Earlier this year, Rory Johnston reported a sharp drop in Brent futures, with prices moving below $90 per barrel in a single session. Johnston also noted the largest weekly pullback in net speculative Brent positions during the war, which suggested a clear link to crude price movements at that time. These developments reflect continued volatility in Brent crude positioning.

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