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CFTC: Money Managers Aggressive Buyers of WTI Futures
3/22 3:47 PM
CFTC: Money Managers Aggressive Buyers of WTI Futures BURLINGTON Vt. (DTN) -- Funds added significant length in New York Mercantile Exchange crude oil futures, adding to existing long positions in RBOB futures, and reduced upside market risk in ULSD futures during the March 19 reporting period, according to data released this afternoon by the Commodity Futures Trading Commission in its Commitments of Traders report. Money managers transitioned to a 238,665 net long contract position on accumulation of 54,339 WTI crude oil futures during the period under review. Crude oil open interest fell 50,305 to 1,962,559 contracts. Funds increased net length in the RBOB futures complex by 12,016 to 91,154 contracts at the March 19 formal session NYMEX close. Open interest in RBOB increased 17,827 to 425,998 contracts. Money managers reduced upside market risk in ULSD futures by 4,371 to a 3,731 contract exposure, and ULSD open interest fell 18,104 to 385,787 contracts last week. G. Bud deGorgue, 1.802.524.1784, bud.degorgue@dtn.com, www.dtn.com. (c) 2019 DTN. All rights reserved.