Tag: WTI
Oil is becoming a crowded trade as hedge funds pile in: Kemp
Enormous concentration of hedge fund long positions emerged as important source of price risk in near term By John Kemp LONDON (Reuters) – Hedge funds have accumulated a record bullish position in crude futures and options, betting on further price rises, but the lopsided nature of the positioning has become a key source of risk […]
Hedge funds temper bullishness on oil: Kemp – Reuters News
Hedge funds accumulated then liquidated short positions in 4 distinct cycles that closely mirror fall and rise of oil prices LONDON – Hedge funds tempered their bullishness towards the entire petroleum complex during the first week of Sept., according to positioning data from regulators and exchanges. Hedge funds and other money managers cut their combined net long position […]
Underwhelming draw in US crude oil spur selloff in oil futures – Platts
US gasoline stocks steady last week, falling to 238.876 million barrels, but still 11.54% above 5-year average NEW YORK – US crude oil inventories declined for the seventh consecutive week, according to Energy Information Administration data for the reporting week ended July 1. However, the size of the draw down fell short of market expectations, causing […]
Crude oil futures comparisons affected by changing contract expiration dates – EIA
With earlier expiration dates for Brent contract, prompt month prices for Brent, WTI represent same delivery period on fewer days each month. A change to the North Sea Brent crude oil futures contract will alter the way prices for Brent futures are compared to futures prices for West Texas Intermediate (WTI) crude oil, according to […]
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