Commodities Buzz: Crude Oil Speculative Longs Pull Higher

4 Jul 2022 , 02:24 PM

Large energy speculators increased 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 289502 contracts in the data reported through week ended June 28, 2022. This was a weekly surge of 10190 net contracts and pushed up net longs further from around three and half year low. The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -327938 contracts on the week. This was a weekly change of 4023 net contracts.Powered by Commodity Insights