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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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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