WTI: Net bullish bets rise for the 2nd straight week - CFTC

Dhwani Mehta FXStreet

Money managers raised their net long US crude (WTI) futures and options positions for the second straight week, the US Commodity Futures Trading Commission (CFTC) showed on Friday.

Large speculators and hedge funds totaled a net position of 358,025 contracts in the data reported through Tuesday July 11th. This was a weekly gain of 16,978 contracts from the previous week which had a total of 341,047 net contracts.

Hedgers or traders totaled a net position of -361,371 contracts on the week. This was a weekly fall of -23,225 contracts from the total net of -338,146 contracts reported the previous week.

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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