February 07, 2025 20:38 GMT
OIL: Hedge Fund Managers Flip to Net Bullish on Nymex Diesel: Bloomberg
OIL
Hedge Fund Managers Flip to Net Bullish on Nymex Diesel: Bloomberg
- Money managers have flipped to bullish from bearish on Nymex diesel as long positions outnumbered short ones by 6,081, weekly CFTC data on futures and options show.
- The traders had been net-short by 252 positions a week earlier
- The net-long position was the most bullish in more than eight months
- Long-only positions rose 3,360 lots to 44,533 in the week ending Feb. 4
- The long-only total was the highest in more than 11 months
- Short-only positions fell 2,973 lots to 38,452
- The short-only total was the lowest in more than six months
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