Investors appear to have reduced shorts in crude & crude products

2023-05-31

Commodity positioning: Investors appear to have reduced shorts in crude and crude products, while slightly adding shorts to metals. Technical investors appear to have unwound shorts and added longs. Hence, NYMEX $W&T Offshore Inc(WTI)$ and $洲际交易所(ICE)$ Brent shorts have shrunk slightly to −19 and −24.

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