According to the CFTC Commitments of Traders report for the week ended May 29, net LENGTH for crude oil futures fell -25 558 contracts to 607 828. Net LENGTH for heating oil futures added +2 729 contracts to 45 311 while that for gasoline dropped -4 617 contracts to 103 729. Net SHORT for natural gas decreased -639 contracts to 62 186 for the week.

Concerning the precious metal complex, speculators were bullish over gold and silver. Net LENGTH for the gold futures soared +24 173 contracted to 115 130 while that for silver gained +2 228 contracts to 17 453 for the week. For PGMs, net LENGTH for platinum rose +2 554 contracts to 4 016 while that for palladium slipped -722 contracts to 9 993.

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