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COT Data Shows Increase in Crude and Product Net Longs

OIL

Managed money net long positions in crude and gasoil recovered last week according to the commitment of traders data released on Friday.

  • Crude positions have stabilised in recent weeks after a period of decline, but recent tightening of global supplies has led to a slight increase in net long positioning of both crude and product markets.
  • Nymex WTI net longs increased by +20k to 189k.
  • ICE Brent net longs increased by +27k to 185k.
  • ICE Gasoil increased by +8k to 52k.
  • Nymex diesel increased by +6k to 18k.
  • Nymex gasoline increased by +4k to 56k.

Source: Bloomberg

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