Hedge funds cut net length in energy… Kemp, Reuters

by Jim Colburn • Monday, August 13, 2018

John Kemp, Reuters, compiles CFTC data to construct a chart showing long liquidation by funds:

”Hedge funds resumed their liquidation of bullish long positions in petroleum last week, according to the most recent regulatory and exchange data.

Hedge funds and other money managers cut their net long position in the six most important petroleum futures and options contracts by another 30 million barrels in the week to Aug. 7.”

Note the latest data is as of August 7 which misses the meltdown (and more length liquidation) on August 8th…  Here is the link:

https://www.reuters.com/article/us-oil-prices-kemp/frothy-oil-market-turns-increasingly-flat-kemp-idUSKBN1KY1AA

 

 

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