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Investors raise bet on rising gasoil prices: ICE

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Speculators raised their bets on rising gasoil prices for a second straight week amid ongoing strikes at France's refineries, data from the InterContinental Exchange showed on Monday.

[LONDON] Speculators raised their bets on rising gasoil prices for a second straight week amid ongoing strikes at France's refineries, data from the InterContinental Exchange showed on Monday.

Investors reduced their net long positions in Brent crude oil futures by 15,360 contracts to 381,116 in the week to May 24, the ICE data showed.

Speculators in ICE gasoil futures and options raised their net long holdings by 11,774 contracts to 56,557.

REUTERS

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