CFTC: WTI Net Length Up Jan. 6 Week on More 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 
increased by 27,180 contracts to 286,136, while short positions rose by 26,404 
contracts to 228,008. As a result, the noncommercial net long position widened 
by 776 contracts to 58,128. Open interest rose by 49,910 contracts to 
2,018,789, CFTC data shows.

   In NYMEX RBOB gasoline futures, noncommercial long positions declined by 319 
contracts to 109,165, while short positions fell by 2,888 contracts to 36,638. 
The moves lifted the noncommercial net long position by 2,569 contracts to 
72,527. Open interest increased by 29,339 contracts to 450,217 during the 
reporting week.

   In NYMEX ULSD futures, noncommercial long positions decreased by 1,802 
contracts to 62,981, while short positions increased by 2,557 contracts to 
48,470. The changes reduced the noncommercial net long position by 4,359 
contracts to 14,511. Open interest increased by 14,278 contracts to 367,652, 
according to CFTC data.

   In NYMEX natural gas futures, noncommercial long positions increased by 
17,007 contracts to 270,263, while short positions climbed by 37,049 contracts 
to 455,864. The moves deepened the noncommercial net short position by 20,042 
contracts to 185,601. Open interest rose by 39,051 contracts to 1,635,220 
during the week.




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