BR100 Decreased By (-0.71%)
BR30 Decreased By (-0.5%)
KSE100 Decreased By (-0.58%)
KSE30 Decreased By (-0.7%)
AGHA 7.67 Decreased By ▼ -0.14 (-1.79%)
BECO 5.17 Decreased By ▼ -0.04 (-0.77%)
BML 57.50 No Change ▼ 0.00 (0%)
BOP 34.10 Increased By ▲ 0.07 (0.21%)
CNERGY 10.08 Increased By ▲ 0.12 (1.2%)
CSIL 5.30 Decreased By ▼ -0.01 (-0.19%)
FCCL 53.80 Decreased By ▼ -0.90 (-1.65%)
FFL 16.56 Decreased By ▼ -0.13 (-0.78%)
FNEL 1.23 No Change ▼ 0.00 (0%)
KEL 7.25 Decreased By ▼ -0.15 (-2.03%)
KOSM 5.77 No Change ▼ 0.00 (0%)
LOTCHEM 29.20 Decreased By ▼ -0.12 (-0.41%)
MLCF 92.45 Decreased By ▼ -1.91 (-2.02%)
NBP 201.50 Decreased By ▼ -1.55 (-0.76%)
NCPL 56.88 Decreased By ▼ -0.12 (-0.21%)
NPL 67.02 Decreased By ▼ -0.68 (-1%)
OGDC 315.47 Decreased By ▼ -0.37 (-0.12%)
PACE 10.64 No Change ▼ 0.00 (0%)
PAEL 42.66 Decreased By ▼ -0.54 (-1.25%)
PIBTL 16.58 Decreased By ▼ -0.16 (-0.96%)
PPL 218.10 Decreased By ▼ -1.68 (-0.76%)
PRL 51.09 Increased By ▲ 1.90 (3.86%)
PTC 70.25 Decreased By ▼ -0.28 (-0.4%)
SSGC 27.37 Decreased By ▼ -0.88 (-3.12%)
TBL 9.79 Decreased By ▼ -0.07 (-0.71%)
TELE 8.69 Decreased By ▼ -0.10 (-1.14%)
TPL 18.34 Increased By ▲ 0.10 (0.55%)
TPLP 13.43 Increased By ▲ 0.16 (1.21%)
TREET 22.59 Decreased By ▼ -0.13 (-0.57%)
TRG 59.80 Decreased By ▼ -0.34 (-0.57%)
اردو
Android App
Print Edition Dollar to PKR
Intl Oil Prices Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices
Markets

Speculators cut US crude oil net longs-CFTC

Published Updated
Save
1 min
comment
By Shoaib Ur RehmanReuters
Add BRecorder as a trusted
source on Google
Google Preferred Source

NEW YORK: Hedge funds and money managers cut their bullish bets on US crude in the week to Dec. 5, the US Commodity Futures Trading Commission (CFTC) said on Friday.

The speculator group cut its combined futures and options position in New York and London by 9,135 contracts to 442,742 during the period.

US crude fell one percent in the week to Dec. 5. Oil prices fell in the week after US shale drillers added more rigs, bringing the rig count to the highest since September.

Oil prices were also volatile in the run up to the Nov. 30 meeting of the Organization of Petroleum Exporting Countries in Vienna when the group extended a supply-cut agreement.

 

Copyright Reuters, 2017

Comments

Comments are closed for this article.

More Stories

Browse all stories