On February 1st, data from the US Commodity Futures Trading Commission (CFTC) showed that as of the week ending January 28th, speculators’ net long position in NYMEX WTI crude oil decreased by 59095 contracts to 191792 contracts, hitting a five week low. The net long position in Brent and WTI crude oil has decreased to 477122 contracts. The net long position in NYMEX gasoline increased to 40400 contracts, setting a new 16 week high. Instead, hold a net short position of 252 contracts in NYMEX heating oil. The net long position in NYMEX natural gas held has increased to 325349 contracts, setting a new three-year high. In addition, data from the Intercontinental Exchange (ICE) shows that ICE’s net long position in Brent crude oil has increased to 307704 contracts, reaching a new high in approximately nine months.
Scan code to share