Money managers have cut their bullish ICE Brent crude oil bets by 22,606 net-long positions to 103,539, according to Bloomberg citing ICE data.

• Long-only positions rose by 4,096 lots to 219,388 in the week ending Nov. 12, a three-week high.
• The short-only position was the highest in six weeks, up 26,702 lots to 115,849.