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Bullish spec changes across the board

In line with this support, we anticipate money managers to add over 10.6mb to their Brent long positions in the week ending 28 Apr...
Published: April 30, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
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In the week ending 28 Apr, we saw the M1 Brent futures contract rally sharply from a low of $93.87/bbl to closing above $111/bbl. Prices have since broken above the $120/bbl level, at the time of writing on 30 Apr. In line with this support, we anticipate money managers to add over 10.6mb to their Brent long positions in the week ending 28 Apr, while removing 3.4mb from their shorts....

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