FXStreet (Mumbai) – As per the Commodity Futures Trading Commission data, the overall bullish bets in WTI oil futures rose last week for a second consecutive week.
Non-commercial positions
The non-commercial contracts of crude oil futures witnessed a weekly change of +300 contracts to total a net position of +327,433 contracts in the data reported for June 23rd. Long positions in oil futures fell by -4,931 contracts, while the short positions dropped by -5,231 contracts.
Commercial positions
Meanwhile, commercials (hedgers or traders) increased bearish positions for a second week to a net total position of -334,959 contracts through June 23rd.
(Market News Provided by FXstreet)