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Hedge Funds’ Net Bullish Positions in WTI Crude Oil

Gordon Kristopher
Hedge Funds’ Net Bullish Positions in WTI Crude Oil

Hedge funds increased their net bullish positions in US crude oil futures and options 25% to 390,795 on June 19–26. They also increased by 257,189 contracts or 192% from a year ago. However, hedge funds decreased their net bullish positions in US crude oil futures and options 5.1% in the first half of the year, while WTI oil prices increased ~23 during the same period.