(Reuters) Hedge fund managers continued to square up positions after the OPEC meeting on May 25 left oil production allocations unchanged for another nine months. Money managers increased their combined net long position in the three main Brent and WTI futures and options contracts by 20 million barrels in the week to May 30.
Fund managers also increased their net long position in U.S. gasoline by 7 million barrels and in U.S. heating oil by 6 million barrels, analysis of position data published by regulators and exchanges showed.