WTI: Bullish bets raised to the highest level since late-April - CFTC

Dhwani Mehta FXStreet

The latest US Commodity Futures Trading Commission (CFTC) data showed, the speculator group raised its combined futures and options position in two major NYMEX and ICE markets by 36,267 contracts to 238,673 in the week to July 18, Reuters reports.

Hedge funds and money managers raised their bullish wagers on WTI for a third straight week, raising their gross long positions to the highest level since late April.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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