Flux Markets | Bullish spec changes across the board (2) Skip to main content

Please note that the CFTC Weekly Predictor has now been discontinued. The last edition was published on 6th August 2026.

Bullish spec changes across the board (2)

We anticipate money managers to add longs to ICE Brent futures in the week ending 05 May...
Published: May 7, 2026
Written by:
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
8 page report
Share

In the week ending 05 May, we saw the now-M1 Jul'26 Brent futures contract extend its rally further to highs over $115/bbl, as momentum picked up with markets reacting to a deteriorating ceasefire environment. Money managers are therefore expected to increase their net length in Brent, adding longs and trimming short positions.

Premium Content

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

Written by

Vincent Wu

Research Associate, Flux
Vincent Wu

About CFTC Weekly Predictor

A premium data-driven report embedding our predictive learning models' forecasts of CFTC positioning

Related News

Brent Strengthens As US Diesel Prices Reach Record Highs

Brent climbs to $95.63 as US diesel hits record high, Russia trims output to 17yr low, Dangote refinery IPO nears.

Brent crude prices stable and on track for weekly gain

Brent crude trades between $95-96/bbl and on track for weekly gain; US retail diesel reaches a record $5.85/gal

Brent Firms Alongside EIA Reported Crude Draw

Brent slips to $95.65 as Aramco lifts OSPs, Hormuz traffic dips, Iraq exports surge, and Russia trims output to 17-yr low.

Brent rallies above $97/bbl as Iran retaliates against US military targets

Brent rallies above $97/bbl as Middle East tensions escalate; Iran strikes US military targets across the region