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AMERICAS OIL: Net Bullish Nymex WTI Crude Oil Bets Cut to 14-Year Low: Bloomberg

AMERICAS OIL
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Net Bullish Nymex WTI Crude Oil Bets Cut to 14-Year Low: Bloomberg

  • Money managers have decreased their bullish Nymex WTI crude oil bets by 35,752 net-long positions to 67,578, weekly CFTC data on futures and options show.
  • The net-long position was the least bullish in more than 14 years
  • Long-only positions fell 10,409 lots to 174,842 in the week ending Feb. 25
  • The long-only total was the lowest in 17 weeks
  • Short-only positions rose 25,343 lots to 107,264
  • The short-only total was the highest in more than 13 months
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Net Bullish Nymex WTI Crude Oil Bets Cut to 14-Year Low: Bloomberg

  • Money managers have decreased their bullish Nymex WTI crude oil bets by 35,752 net-long positions to 67,578, weekly CFTC data on futures and options show.
  • The net-long position was the least bullish in more than 14 years
  • Long-only positions fell 10,409 lots to 174,842 in the week ending Feb. 25
  • The long-only total was the lowest in 17 weeks
  • Short-only positions rose 25,343 lots to 107,264
  • The short-only total was the highest in more than 13 months