Mumbai, Feb. 24 -- 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 197594 contracts in the data reported through February 18, 2025. This was a weekly tumble of 22410 net contracts and pulled down longs to three month low.
Published by HT Digital Content Services with permission from Capital Market....