CFTC: Speculative Net Longs Up in WTI, Gasoline and ULSD


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- Speculators added to bullish bets in NYMEX crude oil, 
gasoline and gasoline during the week ended February 24, Commodity Futures 
Trading Commission (CFTC) data showed Friday (2/27).  In natural gas, the 
bearish position rose significantly.

   In NYMEX WTI crude futures, noncommercial long positions rose by 30,920 
contracts to 352,565, the CFTC said in its weekly Commitment of Traders report. 
Short positions dropped slightly by 449 contracts to 179,853.

   The difference between the two grew noncommercial net longs by 31,369 
contracts to 172712, boosting the bullish position in WTI.

   Open interest, meanwhile, rose by 15,212 contracts to 2,102,705, 
underscoring the boost in net longs.

   In NYMEX RBOB gasoline futures, noncommercial long positions rose by 3,180 
contracts to 120,441, while short positions tumbled by a far wider 6,870 
contracts to 21,649. As a result, the noncommercial net long position surged by 
10,050 contracts to 98,792.

   Open interest in gasoline rose by 2,629 contracts to 467,301.

   In NYMEX ULSD futures, noncommercial long positions rose by 2,334 contracts 
to 65,386 while short positions climbed by 905 to 48,555. The changes boosted 
the noncommercial net long position in ULSD by 1,429 contracts to 16,831.

   Open interest in ULSD fell by 11,933 contracts to 365,555.

   In NYMEX natural gas futures, noncommercial long positions dropped by 4,380 
contracts to 201,473, but short positions rose by a wider 8,327 contracts to 
399,992. That resulted in the net short of 198,519 in the noncommercial 
position for natural gas. Open interest rose by 5,975 contracts to 1,619,531.




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