Crude Specs vs Producers: Who’s Right at $100?
The Commitment of Traders data for crude oil reveals one of the most extreme positioning divergences in recent history. Managed money ā hedge funds and speculative traders ā has piled into the most bullish net-long position since 2020 at 351,032 contracts. At the same time, producers are aggressively hedging at $100+ levels. When these two…
