6 August
United States. CFTC Crude Oil speculative net positions. The value of the indicator has increased from 164.1K to 166.8K
A report on this calendar event is released weekly by the CFTC Commitment of Traders.
The presented indicator reflects the difference between the volumes of long and short crude oil positions in the United States opened by speculators (non-profit traders).
Crude oil is one of the most important raw material assets on the world market. So the dynamics of futures on it is an indicator of strength for several days.
The indicator does not have a strong impact on oil quotes and is considered by analysts in conjunction with other indicators.
Comments by the MarketCheese analysts: an increase of the indicator value may contribute to the rise in quotes of WTI, Brent.
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