Money managers raised their net long US crude (WTI) futures and options positions for the second straight week, the US Commodity Futures Trading Commission (CFTC) showed on Friday.
Large speculators and hedge funds totaled a net position of 358,025 contracts in the data reported through Tuesday July 11th. This was a weekly gain of 16,978 contracts from the previous week which had a total of 341,047 net contracts.
Hedgers or traders totaled a net position of -361,371 contracts on the week. This was a weekly fall of -23,225 contracts from the total net of -338,146 contracts reported the previous week.