Oil (CFTC): optimism of speculators at a 3-week low

As follows from the latest data of the US Commodity Futures Trading Commission (CFTC), a week before August 15 large speculators reduced the volume of net long position in futures and options for WTI oil by 5,668 contracts to 274,441 contracts (3-week low).
The volume of the long position was reduced by 7,896 contracts to 357,455 contracts (3-week low).
The volume of the short position was reduced by 2,228 contracts to 83,014 contracts (16-week minimum).

Please follow and like us:

Leave a Reply

Your email address will not be published. Required fields are marked *

Enjoy this blog? Please spread the word :)