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Pre Session Commentary
Energy Preview: Crude Oil Speculative Longs Slip
04-May-21   09:09 Hrs IST

Large energy speculators trimmed their net long positions in the WTI Crude Oil futures market last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 489711 contracts in the data reported through April 26th 2021. This was a weekly fall of 10272 net contracts. The net longs fell to six month low after the latest slide.

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