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AMERICAS OIL: Hedge Funds Cut Net Bullish Nymex Gasoline Bets to 6-Month Low:BBG

AMERICAS OIL
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Hedge Funds Cut Net Bullish Nymex Gasoline Bets to 6-Month Low: Bloomberg

  • Money managers have decreased their bullish Nymex gasoline bets by 14,327 net-long positions to 6,034, weekly CFTC data on futures and options show.
  • The net-long position was the least bullish in about six months
  • Long-only positions rose 868 lots to 59,313 in the week ending March 11
  • The long-only total was the highest in three weeks
  • Short-only positions rose 15,195 lots to 53,279
  • The short-only total was the highest in almost eight years
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Hedge Funds Cut Net Bullish Nymex Gasoline Bets to 6-Month Low: Bloomberg

  • Money managers have decreased their bullish Nymex gasoline bets by 14,327 net-long positions to 6,034, weekly CFTC data on futures and options show.
  • The net-long position was the least bullish in about six months
  • Long-only positions rose 868 lots to 59,313 in the week ending March 11
  • The long-only total was the highest in three weeks
  • Short-only positions rose 15,195 lots to 53,279
  • The short-only total was the highest in almost eight years