Tag Archives: crude oil forward hedging

Commitment of Traders Report – Trouble for Crude Oil

According to the weekly Commitment of Traders (COT) report issued by the Commodity Futures Trading Commission (CFTC), crude oil drillers have sold the most forward production since oil was trading at more than $100 per barrel. Considering that drillers are willing to sell just as much at half the price and that the recent rally to $50 per barrel has been purely speculative, how low will prices go once the speculators get forced out and the producers’ selling drives the market lower?

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