Martha Dowding
Research Associate, Flux
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CFTC Weekly: Risk off
OI drops in crude and products, funds were bearish in Brent and WTI
OI drops for crude and products, funds bearish crude
- Brent OI -4.65%, largest w/w drop in OI in 17 weeks. Brent length -6.08% w/w and shorts +12.69%
- WTI OI -5.82% w/w. Fund shorts +4.97%, +13% in 2 weeks.
- Gasoil OI -3.88% w/w, almost -11% over the month. Fund length -9.29% and shorts +42.53% w/w! Fund net positioning is lower and more balanced now, 52nd percentile.
- HO OI -13.2% w/w. Fund shorts -11.07%.
-RBOB OI -5.05%. Fund length -3.26%, shorts -13.65%.
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