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Speculators reduced net bullish positions in WTI crude oil

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - The latest Commodity Futures Trading Commission (CFTC) showed speculators decreased their overall bullish bets in WTI oil futures last week following two weeks of rising bullish bets.

    The non-commercial contracts of crude oil futures, traded by large speculators, traders and hedge funds witnessed a weekly change of -13,841 contracts to total a net position of +251,151 contracts in the data reported for October 20th. Long positions in oil futures dipped by -2,650 contracts and the short positions rose by +11,191 contracts.

    The commercials, hedgers or traders engaged in buying and selling for business purposes, reduced their existing bearish positions to a net total position of -263,366 contracts.
    For more information, read our latest forex news.

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