According to the CFTC Commitments of Traders report for the week ended June 2, NET LENGTH for crude oil futures rose +25 756 contracts to 568 330 for the week. Speculative long positions soared +27 938 contracts while shorts added +2 182 contracts. For refined oil products, NET LENGTH for gasoline declined -7 832 contracts to 53 080, while NET LENGTH for heating oil futures added +144 contracts to 2 779. NET SHORT for natural gas futures jumped +14 191 contracts to 43 986 contracts for the week.
Gold futures’s NET LENGTH declined -18 880 contracts to 219 034. Speculative long positions declined -15 952 contracts while shorts gained +2 928. Silver futures’ NET LENGTH added +35 contracts to 37 224. For PGMs, NET LENGTH of Nymex platinum futures fell -1 431 contracts to 21 592 while that for palladium slipped -320 contracts to 400.
