In the week to Mar 26, speculative players adopted a more risk-on approach in WTI futures.
Long money managers increased their position, albeit to a lesser extent than the week prior, equating to an uptick of 14.7mbbls (+6.2%).
In a similar vein, bearish speculators also added over 14.5mbbls (+47%) of shorts, the largest increase since the start of Feb’24.
In line with this risk-on mentality, open interest rose in the week to Mar 26, growing by over 60mbbls (+3.6%).
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