The Crude Chronicles – Episode 171
Oil Traders Increase LongsThe latest CFTC COT institutional positioning report shows that oil traders increased their net long positions again last week. Total upside exposure was increased for the second week, from 239k contracts to 249k contracts. Despite the uptick in bullish bets, oil prices have suffered recently with crude futures falling around 7% from […]
The Crude Chronicles – Episode 169
Oil Traders Increase LongsThe latest CFTC COT institutional positioning report shows that oil traders increased their net long positions last week from 205k contracts to 239k contracts. Oil prices have been relatively muted this week though are still up on the year so far having rallied more than 13% off initial 2023 lows. Looking at […]
The Crude Chronicles – Episode 168
Oil Traders Increase Net-LongsThe latest CFTC COT institutional positioning report shows that crude traders increased their net long positions by around 10k contracts last week. Total upside exposure now sits at 248k contracts, up from 238k contracts the prior week. Any recent longs will likely be struggling, however, on the back of the more than […]