CFTC: Funds Trim Long Positions in Crude, RBOB Futures

    

   BURLINGTON Vt. (DTN) -- Money managers, during the week-ended May 21, sold a 
net 25,374 oil futures contracts that reduced the category's upside market 
exposure to a combined 345,829 contracts of New York Mercantile Exchange 
futures, according to data released this afternoon by the Commodity Futures 
Trading Commission in its Commitments of Traders Report. 

   Fund selling in West Texas Intermediate futures continued this week, with 
net liquidation of 25,805 contracts cutting market risk to 238,734 WTI futures. 
Open interest in MERC crude oil fell 68,628 to 2,085,029 contracts. 

   Money managers were sellers of 5,679 RBOB futures, repositioning to a 
102,363 contract long market exposure. RBOB open interest fell 1,884 to 421,472 
contracts.

   Fund traders rolled into a net long market position of 4,732 ULSD futures at 
the May 21 formal session close, on accumulation of 6,110 contracts. Open 
interest in ULSD futures fell fractionally to 404,925 contracts.

   G.Bud deGorgue, 1.802.524.1784, bud.degorgue@dtn.com, www.dtn.com. (c) 2019 
DTN. All rights reserved.