- Crude Oil Trading |
- March 23, 2016
The latest CFTC data show that short positions in WTI crude oil shrank again last week, dropping by 20% to the lowest level since June. In combination with a 2.4%t increase in long positions, net-longs increased by 17% – to the highest level since last June. Once again, this increase shows ‘much less bearish’ positioning, as opposed to ‘much more bullish’.