Quotes from the news wire:
The latest (U.S. regulatory) CFTC data show that speculators increased their shorts (aka bearish bets) by the biggest volume on record in last week's data for WTI crude. This is the biggest increase since data began back in 2006, dragging the net long position in WTI to its lowest since February, another bearish development from the CFTC data has been gasoline positioning. Speculative positions in gasoline have moved to a record net short position as hedge funds bet on an ongoing gasoline supply glut.
– Matt Smith of U.S.-based ClipperData
Found on Reuters 7 years ago
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