Hedge funds increased commodity bets by 3% to 1.15 million lots a two-year high during the week ending May 17. Net buying was seen across all sectors apart from metals due to a second week of aggressive copper selling. Sugar longs hit a new record while crude oil longs jumped as the short base continued to dwindle on both WTI and Brent
from Ole Hansen - Authored content https://www.tradingfloor.com/posts/cot-crude-net-long-jumped-last-week-as-short-base-collapsed-7666441?utm_medium=tf4-feed&utm_source=extract
COT: Crude net-long jumped last week as short base collapsed
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