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2026-05-23 02:05:37
Data released by the Intercontinental Exchange (ICE) shows that in the week ending May 19, speculative net long positions in Brent crude oil decreased by 10,517 contracts, currently standing at 335,288 contracts. Such changes in speculative positions typically reflect adjustments in short-term market participants' expectations for the future direction of international oil prices, and the decline in net long positions also reflects, to some extent, a cooling of bullish sentiment in the current crude oil market.
