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Managers raise their bets oil will go higher: CFTC
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Topic: Managers raise their bets oil will go higher: CFTC (Read 202 times)
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Managers raise their bets oil will go higher: CFTC
«
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March 02, 2012, 10:17:03 PM »
Managers raise their bets oil will go higher: CFTC
2 March 2012
, by Claudia Assis - San Francisco (MarketWatch)
http://www.marketwatch.com/story/managers-raise-their-bets-oil-will-go-higher-cftc-2012-03-02
Money managers increased their long positions, or bets oil futures would go higher, by 9,232 in the week ended Tuesday, according to data from the Commodity Futures Trading Commission released late Friday
.
The managers ended the week with 284,800 long positions.
They sold nearly 4,000 short positions, or bets prices will go lower, to end the week with 12,768 of such positions.
Oil ended 2% lower on Friday, and lost 2.8% on the week, breaking a string of three consecutive weeks of gains.
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