In the week ending 17 June, open interest declined in the benchmark crude futures contracts (Brent and WTI futures). Brent and WTI futures saw a combined open interest dip of nearly 175mb (-3.55%) this week. Still, managed-by-money players were bullish this week and saw a combined increase of 6.4mb (+1.21%) in longs while liquidating 36.8mb (-19.76%) of their short positions. This was notably due to the addition of long positions in Brent, with WTI futures noting a removal of both long and short managed-by-money positions, albeit more significantly among short positions.
