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Bullish Exodus Across Oil Futures

Bulls expected to trim positions across Brent, ICE gasoil, and RBOB futures in week ending 26 May; Brent shorts to rise 8th week in a row
Published: May 28, 2026
Written by:
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
8 page report
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Amid the sell-off in crude flat price, with M1 Brent falling below $100/bbl, money managers are expected to liquidate long positions and add shorts in the week ending 26 May. There is greater anticipation for a peace deal between the US and Iran that would reopen the Strait of Hormuz.

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