Futures traders flip to net-long Brent, betting oil rebound after post-election slump

Futures positioning data shows traders have shifted to net-long Brent, anticipating a price rebound after the post-US-election collapse that had fueled market optimism. The reversal in positioning suggests the oil selloff may be overdone, with potential upside for crude prices. This matters because a sustained oil rally could reignite inflation concerns and alter the market's risk-on narrative.

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