CFTC Commitments of Traders – Crude Oil Bets Trimmed Sharply on Price Correction

<p>According to the CFTC Commitments of Traders report for the week ended January 19, NET LENGTH for crude oil futures sank -19 133 contracts to 508 584 for the week. Speculative long position slumped  -27 482 contracts, while shorts fell -8 349 contracts. As we predicted in last week&#8217;s report, correction in crude oil price [&#8230;]</p>
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