Energy Preview: Crude Oil Fund Managers Raise Long Positions From Six Week Low

8 Mar 2022 , 09:10 AM

Large energy speculators raised 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 368663 contracts in the data reported through week ended March 1 2022. This was a weekly surge of 29622 net contracts and pulled up net longs from six week low. The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -410955 contracts on the week. This was a weekly change of -28064 net contracts.

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