According to the CFTC Commitments of Traders report for the week ended January 28. NET LENGTH for crude oil futures declined -58 806 contracts to 461 762 for the week. Speculative long positions fell -10 973 contracts while shorts rose +47 833 contracts. For refined oil products, NET LENGTH for gasoline fell -23 085 contracts to 104 648, while heating oil‘s NET SHORT soared +12 742 contracts to 21 159. NET SHORT for natural gas futures jumped +12 123 contracts to 261 528 contracts for the week. NET LENGTH for gold futures rose +12 397 contracts to 330 092. Speculative long positions increased +1 608 contracts, while shorts slumped -10 789. Silver futures’ NET LENGTH fell -5 458 contracts to 63 417. Speculative long positions dropped -3 507 contracts while shorts gained +1 951. For PGMs, NET LENGTH of Nymex platinum futures added +205 contracts to 67 596 while that for palladium decreased -2 932 contracts to 6 912.

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