According to the CFTC Commitments of Traders report for the week ended March 5,  NET LENGTH for crude oil futures soared +21 130 contracts to 348 801 for the week. Speculative long positions rose +11 421 contracts while shorts declined -9 709. For refined oil products, NET LENGTH for gasoline fell -9 698 contracts to 83 866, while NET SHORT  for heating oil gained +3 942 contracts to 12 770 contracts for the week. NET SHORT for natural gas futures added +1 836 contracts to 49 352 contracts for the week. Yet, bets for both longs and shorts gained for the week.


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On the precious metal complex, NET LENGTH for both gold and silver futures declined last week. For the former, speculative long positions plunged -34 207 contracts, while shorts rose 13 471, resulting in an fall in NET LENGTH, by -4 7678 contracts, to 88 018 contracts. For silver futures, speculative long positions slipped -14 017 contracts while shorts jumped +11 775. These resulted in a fall in NET LENGTH, by -25 792 contracts, to 32 521 contracts.  For PGMs, NET LENGTH of Nymex platinum futures increased +5 718 contracts to 21 463 while that for palladium slid -636 contracts to 13 628.




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