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OIL: Hedge Funds Cut Net Bullish Nymex Gasoline Bets to 12-Week Low: BBG

OIL

Hedge Funds Cut Net Bullish Nymex Gasoline Bets to 12-Week Low: BBG

  • Money managers have decreased their bullish Nymex gasoline bets by 6,644 net-long positions to 50,579, weekly CFTC data on futures and options show.
  • The net-long position was the least bullish in 12 weeks
  • Long-only positions fell 697 lots to 79,246 in the week ending Jan. 21
  • Short-only positions rose 5,947 lots to 28,667
  • The short-only total was the highest in 16 weeks
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Hedge Funds Cut Net Bullish Nymex Gasoline Bets to 12-Week Low: BBG

  • Money managers have decreased their bullish Nymex gasoline bets by 6,644 net-long positions to 50,579, weekly CFTC data on futures and options show.
  • The net-long position was the least bullish in 12 weeks
  • Long-only positions fell 697 lots to 79,246 in the week ending Jan. 21
  • Short-only positions rose 5,947 lots to 28,667
  • The short-only total was the highest in 16 weeks