Friday, July 22, 2011

SPECS Continue To Increase Long Positions In Oil

Add to Technorati Favorites Subscribe in a reader Delicious Bookmark this on Delicious

The speculator group upped its net long futures and options position in New York by 13,453 to 182,285 during the period, an increase of almost 8 percent, when NYMEX front-month crude prices CLc1 rose from $97.43 a barrel to $97.50. >>>LINK


click chart to expand image

Insight on the DOE and IEA coordinated oil release to help keep oil prices down and an outlook on oil prices, with John Hofmeister, Citizens for Affordable Energy.


1 comment:

Market Strategist said...

1 month ago, Saudi said they will increase oil supply and market is bearish on oil. At that time I said cannot trust them. Haha!