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Large energy speculators continued to raise their bullish net positions in the WTI Crude Oil futures markets 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 362,265 contracts in the data reported through Tuesday March 12th. This was a weekly gain of 13,464 net contracts. The net speculative position has now gained for a fourth straight week and is at the highest level since November 20th 2018. The commercial trader's position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -369,503 contracts on the week. This was a weekly drop of -11,928 contracts. Powered by Commodity Insights
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