Flux Markets | Brent Bears Return Skip to main content

Brent Bears Return

Short spec positions in Brent rise by 17% w/w, RBOB futures net positions rise to 6-week highs; short spec Heating Oil positions rise
Published: May 11, 2026
Written by:
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
13 page report
Share

In the week ending 05 May, money managers added a significant amount of short positions in Brent futures, rising by 17% over the week.

  • The change in long positions was relatively negligible. The long:short ratio declined from around 6.50:1.00 to 5.55:1.00 over the week, which is a six-week low. Shorts added positions from a relatively low baseline, and it can be deduced that last week's bearish sentiment was driven by the addition of fresh shorts, as opposed to profit-taking flow from longs.

Premium Content

To continue reading this page, please login or find our about our subscription options.

Related News

Brent gaps up overnight

Oil's initial jump stemmed from US President Donald Trump calling Iran's response to a US peace proposal "totally unacceptable" in a post...
4 page report

Brent remains supported at $100/bbl

Overnight, the US and Iran have traded naval attacks in the Strait of Hormuz.....
4 page report

Brent Grinds Below $100/bbl

Brent futures trades below $100 on Friday; Nigeria ease restrictions on gasoline imports; Trump claims US-Iran ceasefire remains in effect
4 page report

Brent Rebounds Above $100.00/bbl

Brent rebounds above $100/bbl as hopes of Hormuz truce offset Iran sanctions and unresolved nuclear tensions
4 page report