On April 12th, according to data from the US Commodity Futures Trading Commission (CFTC), speculators’ net long position in WTI crude oil decreased by 25159 contracts to 69463 contracts, hitting a six week low during the week of April 8th. The net long position of COMEX gold held by speculators decreased by 38088 contracts to 138465 contracts, hitting a 13 month low.
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