On February 8th, according to the US Commodity Futures Trading Commission (CFTC), as of the week ending February 4th, speculators’ net long position in WTI crude oil decreased by 51252 contracts to 140540 contracts. The net long position in Brent and WTI crude oil decreased by 72807 contracts to 404315 contracts, hitting a five week low. The net long position in NYMEX gasoline increased to 46774 contracts, while the net long position in NYMEX heating oil reached a new high of 6081 contracts in over eight months. Our net long position in NYMEX natural gas is approaching 311500 contracts.
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