Hardika Singh and Amrith Ramkumar, WSJ, discuss speculative activity in oil, here…
“The ratio of bullish bets on U.S. crude to bearish wagers surged to 23-to-1 during the week of June 15, the highest level since the summer of 2018 and nearly triple the figure from five weeks earlier, Commodity Futures Trading Commission data show. While the ratio has edged lower in more recent weeks, it has stayed at levels considered elevated by many analysts and well above 6-to-1, where it started the year.”
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