According to the CFTC Commitments of Traders report for the week ended September 24, NET LENGTH for crude oil futures dropped -2 943 contracts to 424 162 for the week. Speculative long positions were down -1 864 contracts while shorts gained +1 079 contracts. Crude oil prices slumped last week as tensions in Middle East eased: ceasefire between Saudi Arabia and Yemen and rumors on US’ ease of sanctions on Iran. For refined oil products, NET LENGTH for gasoline gained +5 285 contracts to 56 466, while NET SHORT for heating oil increased +4 064 contracts to 5 754 for the week. NET SHORT for natural gas futures added +1 806 contracts to 124 981 contracts for the week.

NET LENGTH for gold futures soared +29 845 contracts to 312 444. Speculative long positions jumped +28 882 contracts, while shorts dropped -963. Silver futures saw decrease in NET LENGTH, by -5 249 contracts to 50 729. Speculative long positions slipped -623 contracts while shorts added +4 626. For PGMs, NET LENGTH of Nymex platinum futures added +1 331 contracts to 34 979 while that for palladium added +463 contracts to 12 617.

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