1 August
United States. CFTC Crude Oil speculative net positions. The value of the indicator has increased from 153.3K to 156K
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-commercial traders).
Crude oil is one of the most important commodities in the world market. Thus, the dynamics of its futures is a gauge of strength for several days.
The indicator does not have a strong impact on oil prices and is considered in conjunction with other figures.
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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