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AMERICAS OIL: Hedge Funds Cut Net Bullish Nymex Gasoline Bets to 16-Week Low

AMERICAS OIL
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Hedge Funds Cut Net Bullish Nymex Gasoline Bets to 16-Week Low: Bloomberg

  • Money managers have decreased their bullish Nymex gasoline bets by 10,179 net-long positions to 40,400, weekly CFTC data on futures and options show.
  • The net-long position was the least bullish in 16 weeks
  • Long-only positions fell 9,273 lots to 69,973 in the week ending Jan. 28
  • The long-only total was the lowest in four weeks
  • Short-only positions rose 906 lots to 29,573
  • The short-only total was the highest in 17 weeks
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Hedge Funds Cut Net Bullish Nymex Gasoline Bets to 16-Week Low: Bloomberg

  • Money managers have decreased their bullish Nymex gasoline bets by 10,179 net-long positions to 40,400, weekly CFTC data on futures and options show.
  • The net-long position was the least bullish in 16 weeks
  • Long-only positions fell 9,273 lots to 69,973 in the week ending Jan. 28
  • The long-only total was the lowest in four weeks
  • Short-only positions rose 906 lots to 29,573
  • The short-only total was the highest in 17 weeks