Mumbai, Feb. 3 -- Energy speculators sharply cut their net long positions in the crude oil futures market, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Crude oil futures, traded by large speculators, hedge funds and retailers, totaled a net long position of 264126 contracts in the data reported through January 28, 2025. This was a weekly slump of 34721 net contracts and pulled down longs to one month low.
Published by HT Digital Content Services with permission from Capital Market....