MTECHTIPS;-Crude Oil Speculators Trim Long Positions

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MTECHTIPS;-Crude Oil Speculators Trim Long Positions

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 712,423 contracts in the data reported through Tuesday April 24th. This was a weekly drop of -15,708 contracts.Speculative positions had advanced the previous two weeks before the latest drop. The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -738,343 contracts on the week. This was a weekly rise of 5,650 contracts from the total net of -743,993 contracts

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