CFTC: Speculator Long WTI Stance Expands on Short Covering


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- Speculators adjusted positions across major NYMEX 
energy contracts during the week ended January 6, with shifts led by crude oil 
and gasoline, according to the Commodity Futures Trading Commission's 
Commitment of Traders report released Friday late afternoon (1/9).

   In NYMEX West Texas Intermediate futures, noncommercial long positions 
declined by 2,439 contracts to 258,956, while short positions increased by 
4,800 contracts to 201,604. As a result, the noncommercial net long position 
narrowed by 7,239 contracts to 57,352.

   Open interest rose by 70,622 contracts to 1,968,879, CFTC data shows.

   In NYMEX RBOB gasoline futures, noncommercial long positions increased by 
344 contracts to 109,484, while short positions climbed by 3,394 contracts to 
39,526. The moves reduced the noncommercial net long position by 3,050 
contracts to 69,958. Open interest increased by 10,520 contracts to 420,878 
during the reporting week.

   In NYMEX ULSD futures, noncommercial long positions rose by 3,359 contracts 
to 64,783, while short positions increased by 2,139 contracts to 45,913. The 
changes lifted the noncommercial net long position by 1,220 contracts to 
18,870. Open interest increased by 9,649 contracts to 353,374, according to 
CFTC data.

   In NYMEX natural gas futures, noncommercial long positions increased by 
31,540 contracts to 253,256, while short positions rose by 42,205 contracts to 
418,815. The moves deepened the noncommercial net short position by 10,665 
contracts to 165,559. Open interest climbed by 62,184 contracts to 1,596,169 
during the week.

    




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