COT: Oil long hits January low as selling accelerates

Hedge funds scaled back bullish commodity bets for a sixth consecutive week last week. The 6% reduction saw the net-long of 20 US traded commodities drop to 924000 lots after hitting 1.53 million on June 21. Biggest changes was seen in WTI crude oil with the gross-short hitting a record.

from Ole Hansen - Authored content https://www.tradingfloor.com/posts/cot-oil-long-hits-january-low-as-selling-accelerates-7976067?utm_medium=tf4-feed&utm_source=extract