WTI net longs at record highs - CFTC

According to the Commodity Futures Trading Commission (CFTC) weekly Commitments of Traders (COT) report for the week ending December 12 released on Friday, the net long positions held by the speculators and traders in the WTI Crude Oil futures continued to increase and reached all-time highs last week.

Key Details:

WTI futures saw a weekly rise of 3,369 contracts in non-commercials position from the previous week, which had a total of 611,128 net contracts.

The commercial traders totaled a net position of -629,330 contracts on the week.

This was a weekly shortfall of -6,070 contracts from the total net of -623,260 contracts reported the previous week.