MTECHTIPS;-Crude Oil Speculative Longs See Modest Increase

Spread the love

MTECHTIPS;-Crude Oil Speculative Longs See Modest Increase

MTECHTIPS-Crude Oil WTI 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 703,708 contracts in the data reported through Tuesday March 20th. This was a weekly addition of 35,175 contracts. Speculative positions had dropped the previous two weeks. The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -723,876 contracts on the week. This was a weekly fall of -26,512 contracts