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  • Pre Session Commentary - Detailed News

Energy Preview: Fund Buying Stays Weak In Crude Oil
21-Aug-18   09:44 Hrs IST

Large energy speculators trimmed their bullish net positions in the Crude Oil WTI Futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 573,428 contracts in the data reported through Tuesday August 14th. This was a weekly slide of -35,499 contracts.Speculative bullish positions have fallen for two weeks in a row. Meanwhile, the commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -618,747 contracts on the week. This was a weekly surge of 33,601 contracts.

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