
On Wednesday, the Energy Information Administration (EIA) reported a weekly increase in crude oil stocks, both nationwide and at Cushing, driven by a 1.4 million barrels per day slump in exports to an April low. This was partly offset by strong refinery runs that caused a surprise jump in fuel stocks, particularly diesel, where implied demand surged. In Singapore, refined product inventories rose by 5.043 million barrels week-on-week to 41.509 million barrels last week. Additionally, money managers increased their net-length in Brent crude oil futures and options by 32,238 contracts to 126,145 in the week ending November 5, with long-only positions rising by 19,434 and short-only positions falling by 12,804. Conversely, money managers reduced their net-length in WTI crude oil futures and options by 48,143 contracts to 143,985 in the same period, with long-only positions rising by 27,935 and short-only positions falling by 20,208. CFTC positions were also reported for the week ending November 5.
Money managers reduced their net-length in WTI crude oil futures and options by 48,143 contracts to 143,985 in the week ending November 5 Long-only positions rose by 27,935 Short-only positions fell by 20,208 other reportables net-length fell by 6,860 CFTC @staunovo
CFTC POSITIONS IN THE WEEK TO NOVEMBER 5TH https://t.co/ZDvDZprffZ
Money managers reduced their net-length in WTI crude oil futures and options by 48,143 contracts to 143,985 in the week ending November 5 Long-only positions rose by 27,935 Short-only positions fell by 20,208 other reportables net-length fell by 6,860 CFTC #oott