Commodities Buzz: Crude Oil Speculative Longs Fall To Six Week Low

28 Feb 2022 , 02:31 PM

Large energy speculators continued to trim their net long positions in the WTI Crude Oil futures market last week, according to the latest Commitment of Traders (COT) data. The non-commercial futures contracts of WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 339041 contracts in the data reported through week ended February 22, 2022. This was a weekly drop of 9052 net contracts and pulled down net longs to six week low. The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -382891 contracts on the week. This was a weekly change of 9109 net contracts.

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