Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Bets oil futures will go higher reach fresh record *PIC*

Bets oil futures will go higher reach fresh record (by Claudia Assis)

SAN FRANCISCO (MarketWatch) -- Money managers' bets that oil prices will go higher hit a fresh record in the week ended March 8, according to data released Friday by the Commodity Futures Trading Commission. Managed money added a net 6,224 "long" contracts, pushing the category to 311,632 contracts. While the net flow was positive for oil prices, it slowed "dramatically" compared to the previous two weeks, said Tim Evans, an analyst with Citigroup's Citi Futures Perspective. Oil for April delivery (clj11) closed 1.5% lower at $101.16 a barrel on the New York Mercantile Exchange.

Messages In This Thread

Bets oil futures will go higher reach fresh record *PIC*