Investors raise bet on rising gasoil prices: ICE

Published Mon, May 30, 2016 · 12:40 PM

[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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Investors raise bet on rising gasoil prices: ICE

Energy & Commodities

Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains

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Anglo rejects BHP takeover bid as significantly undervalued

India rice prices at three-month low on shrinking demand

Gold prices set for weekly decline ahead of US inflation data

Pricey coffee is here to stay as hoarding, heat hit Vietnam supply

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