Brent crude held near $95 a barrel, rising for a second straight week despite a 13% monthly drop, as an IMF warning on oil-driven inflation drew investors back to bullish bets. According to BeInCrypto, the IMF said global oil prices are about 3% above levels used in its April growth forecast, citing the Iran conflict and risks around the Strait of Hormuz.
Options positioning turned more bullish, with the United States Brent Oil Fund (BNO) put-call ratio falling to 0.06 on volume and 0.11 on open interest as of June 4. CFTC data dated May 26 showed non-commercial traders net short, while commercial hedgers added longs; Hyperliquid funding for Brent oil-USDC was near neutral at -0.0013%.
Brent holds near $95 as IMF warns oil-driven inflation risk; options turn bullish
2026-06-05 06:42:23
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