Speculators generally stayed bullish over the energy complex in the week ended May 15. Although Net LENGTH for crude oil futures slumped -35 484 contracts from a week ago to 644 444, that for heating oil rose +9 610 contracts to 42 070. Also, net LENGTH for gasoline added +11 166 contracts to 95 919. Net SHORT for natural gas decreased -30 595 contracts to 93 428 for the week.
Speculators were also mixed over the precious metal complex last week. Net LENGTH for gold slumped -14 997 contracts to 92 443. Silver drifted to net LENGTH of 658 contracts for the week. For PGMs, net LENGTH for platinum dropped -2 192 contracts to 8 196 while that for palladium added +388 contracts to 10 684.
