Oil (CFTC): speculators are cautiously selling

As it follows from the latest data of the US Commodity Futures Trading Commission (CFTC), a week before August 8 large speculators reduced the net long position in futures and options for WTI oil by 2,253 contracts to 280,109 contracts.
The volume of the long position was reduced by 386 contracts to 365,351 contracts.
The short position increased by 1,867 contracts to 85,242 contracts (3-week maximum).


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