London-Hedge funds and other institutional investors’ bets on crude oil prices rising have again broken fresh record highs, with specu- lative money surging into ICE Brent futures positions, exchange data showed Monday. Money managers’ net long positions in ICE Brent futures hit 291,733 contracts for the first time, in the week ended May 5, Intercontinental Exchange data showed, with institutional investors’ net length now having doubled since the start of the year.
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