# Hedge funds boost bullish U.S. crude, Brent bets: CFTC | The WealthAdvisor

> Hedge funds and money managers raised net long positions in U.S. crude by 29,103 contracts to 243,209 in the week to March 26, the highest in over five months. Brent speculative longs also rose to the highest since October. Iranian and Venezuelan output has fallen under U.S. sanctions.

- Date: 2019-03-29 · published 2019-03-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/60283-hedge-funds-boost-bullish-u-s-crude-brent-bets-cftc-the-wealthadvisor
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Heavier speculative buying increases bullish momentum in crude, though a crowded long position raises the risk of a sharp reversal if demand worries grow.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- thewealthadvisor.com: https://www.thewealthadvisor.com/article/hedge-funds-boost-bullish-us-crude-brent-bets-cftc

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.