- Crude Oil Trading | January 12, 2018
Oil prices are treading water above $US 60/B (WTI) again, the first time since 2015. The current commercial short position of 1,414,461 short contracts in crude oil is a record short position. The bottom line is that investors are excessively optimistic while Commercials are at a record level of bearishness. What is unknowable is whether a pullback will be short and shallow or long and deep.