Money managers retraced from last week’s bullish positioning to incredible bearishness in the week ending 03 Sep. We saw long-positioned managed-by-money players trim over 32.6mb from their combined positions in Brent and WTI futures (-8.27%) while their short-positioned counterparts added over 73.2mb (+49.27%) their shorts in the benchmark crude futures contracts. This change took the combined long:short ratio for the crude futures to 1.63:1.00 this week, below the 1st percentile for long:short ratios for every week since 2013.
Subscribe to Onyx Insights to unlock this Research
Insights is the proprietary research arm of Onyx:
the #1 liquidity provider of oil futures
OR
