COT: Oil net-long hits 17-month high on further bear collapse

Hedge funds were strong buyers of commodities for a third week with gains seen across all the major sectors as the recent massive reduction of shorts persisted. Bullish bets on oil jumped again primarily due to continued short-covering while bullish gold bets jumped to a 15-month high

from Ole Hansen - Authored content https://www.tradingfloor.com/posts/cot-oil-net-long-hits-17-month-high-on-further-bear-collapse-7352875?utm_medium=tf4-feed&utm_source=extract