Crude Oil speculative contracts rose higher last week following five straight weeks of decline

Crude Oil Light Sweet:

Crude Oil: Crude Oil speculative contracts rose higher last week following five straight weeks of decline. Crude positions rose to a total of +244,607 net speculative positions as of March 26th following a total of +223,721 contracts that were reported for March 19th. This is a weekly change in net large speculator positions of +20,886 contracts.

Crude Oil speculative positions had declined for five weeks after reaching a 52 week high on February 12th at +272,875 contracts.

 

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See more information and explanation on the weekly COT report from the CFTC website.

By CountingPips.com

 

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