Crude Oil Traders Increase Bets on Price Rise, CFTC Data ShowsBloomberg News
Hedge-fund managers and other large speculators increased their net-long position in crude-oil futures in the week ended Oct. 21, according to Commodity Futures Trading Commission data.
Managed money bets that prices will rise, in futures and options combined, outnumbered short positions by 186,774 futures, the Washington-based regulator said in its weekly
Each Friday the CFTC publishes aggregate numbers for long and short positions for speculators such as hedge funds and institutional investors, as well as commercial companies that buy or sell futures to protect against price moves. Analysts and investors follow changes in speculators’ positions because such transactions can reflect an expectation of a change in prices.