Bullish bets at 9 month low… WSJ – Commodity Research Group

October 20, 2019 by Jim Colburn Leave a Comment

Sarah Toy, Wall Street Journal, analyzes the CFTC futures data, here…

”Bets on rising U.S. oil prices have hit a nine-month low, underscoring investors’ concerns that a slowing economy will dent demand for crude at a time when the world is awash in oil.

The number of contracts wagering on an increase in U.S. crude prices outnumbered bearish ones by 86,530 during the week ended Oct. 15, according to the U.S. Commodity Futures Trading Commission. That puts net bullish bets at their lowest level since the week ended Jan. 8.”

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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