- Crude Oil Trading |
- August 2, 2016
The latest CFTC data show that speculators increased their shorts (bearish bets) by the biggest volume on record in last week’s data for WTI crude oil. Saudi Arabia has cut its official selling price (OSP) for Arab Light into Asia for September by the biggest amount in nearly a year. The price discount is a response to lower impending Asian oil demand as refiners dial back on runs.