Speculative net long positions in Brent rise

In the last reporting week, Speculative financial investors have different views towards WTI as well as Brent.

Brent saw net long positions rose by 14,400 and stood at 202,200 contracts, while net long positions in WTI were inched down by 27,100 and stood at 138,600 contracts. 

"The widening of the price gap to more than $3 was thus also speculatively driven to some extent. Having said that, this also gives rise to a much higher correction potential for Brent than for WTI", says Commerzbank.