The Crude Chronicles – Episode 52

Oil Longs Reduced The CFTC COT institutional positioning report shows that WTI traders paired some of their long positions last week. Oil traders reduced their net long exposure by 15,331 contracts last week, taking the total position to 520.935 contracts. This reduction in upside positioning likely reflects some trepidation in the market ahead of the […]

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The Crude Chronicles – Episode 49

Oil Longs Increase Amidst Supportive Backdrop The CFTC institutional positioning report shows that non-commercial traders increased their net long positions in WTI last week by 9,125 positions, taking the total position to 548876 contracts. Oil prices continue to be well bid despite the lack of upside momentum in price action currently. Concerns around the prospect […]

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