Crude managed money net long positions dipped due to a decline in WTI positions to offset an increase in Brent positions according to Commitments of Traders data released on Friday. The combined net long positions for Brent and WTI decreased by -12k to 384k.

• ICE Gasoil net positions extended the recent gains up to the highest since March 2022, but Nymex diesel positions edged lower from the highest since Feb 2022 last week.
  • ICE Brent net longs increased by +20k to 231k

• Nymex WTI net longs fell by -31k to 179k
• ICE Gasoil increased by +6k to +94k
• Nymex diesel fell by -1k to +33k
• Nymex gasoline increased by +6k to 74k

Source: Bloomberg