On February 22nd, according to the US Commodity Futures Trading Commission (CFTC), the net long position of WTI crude oil held by speculators decreased by 18907 contracts to 103330 contracts in the week ending February 18th, hitting a 16 week low. The net long position in Brent and WTI crude oil decreased by 48868 contracts to 325974 contracts, hitting an eight week low. The net long position in NYMEX gasoline has decreased to 45856 contracts, hitting a three week low. The net long position in NYMEX heating oil has decreased to 11872 contracts. The net long position in NYMEX natural gas held has increased to 435480 contracts, reaching a new high in over three years.
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