COT: Bullish oil bets jumped 35% last week on output cut hopes

Money managers increased bullish bets on WTI Crude oil by 34% during the week ending January 26. Commodities in general saw renewed demand as hedge funds turned net long for the first time in five weeks. Apart from oil strong buying was seen in gold copper corn while selling was concentrated in sugar as longs continue to be scaled back

from Ole Hansen - Authored content https://www.tradingfloor.com/posts/cot-bullish-oil-bets-jumped-35-last-week-on-output-cut-hopes-6999888?utm_medium=tf4-feed&utm_source=extract