January 31, 2025 20:34 GMT
AMERICAS OIL: Net Bullish Nymex WTI Crude Oil Bets Cut to 5-Week Low: Bloomberg
AMERICAS OIL
Net Bullish Nymex WTI Crude Oil Bets Cut to 5-Week Low: Bloomberg
- Money managers have decreased their bullish Nymex WTI crude oil bets by 59,095 net-long positions to 191,792, weekly CFTC data on futures and options show.
- The net-long position was the least bullish in five weeks
- Long-only positions fell 47,782 lots to 233,459 in the week ending Jan. 28
- The long-only total was the lowest in six weeks
- Short-only positions rose 11,313 lots to 41,667
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