CAPITALSTARS MCX COMMODITY CRUDE OIL NEWS UPDATE : 09 October 2019
Energy Preview: Crude Speculative Longs See Sharp Fall
Large
energy speculators sharply cut their bullish net positions in the WTI Crude Oil
futures markets last week, according to the latest Commitment of Traders (COT)
data released by the Commodity Futures Trading Commission (CFTC) on Friday. The
non-commercial futures contracts of WTI Crude Oil futures, traded by large
speculators and hedge funds, totaled a net position of 389,319 contracts in the
data reported through Tuesday, October 1st. This was a weekly fall of -34,843
net contracts. WTI crude speculators decreased their bullish bets for a third
straight week. The commercial traders' position, hedgers or traders engaged in
buying and selling for business purposes, totaled a net position of -401,977
contracts on the week. This was a weekly gain of 38,277 contracts.
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