Vincent Wu
Research Associate, Flux
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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
8 page report
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.
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