Money managers cut long positions in Brent oil
Money managers cut their net long position in Brent crude oil futures and options in the week ended Sept. 13, according to the IntercontinentalExchange Inc.'s /quotes/zigman/373487/quotes/nls/ice ICE -1.68% weekly Commitment of Traders report published Monday.
Hedge funds cut bullish oil bets by the most in three years the week before the Seaway pipeline begins to ease a stockpile glut, while rising output and concern over Europe's financial woes sent prices tumbling.