Sun, Nov 29, 2020 @ 03:51 GMT
Home Action Insight Oil N' Gold Traders Mixed over Oil's Outlook

Traders Mixed over Oil’s Outlook

Speculators were mixed over the energy complex in the week ended April 24. Net LENGTH for crude oil futures plunged -15 708 contracts from a week ago to 712 423. NET LENGTH of heating oil rose +6 420 contracts to 22 656 while net LENGTH for gasoline gained +9 813 contracts to 84 967. Net SHORT for natural gas increased +6 930 contracts to 96 227 for the week.

With the exception of gold, speculators were bullish over the precious metal complex last week. Net LENGTH for gold slumped -26 423 contracts to 136 646. Silver reverted to Net LENGTH of 12 054 contracts for the week. For PGMs, net LENGTH for platinum added +186 contracts to 17 832 while that for palladium gained +413 contracts to 10 961.


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