Insights / i-Dots note
CRUDE OIL - Likely Position Trimming is the reason for the drop - Brian Pieri
By Mukesh Sahdev Visit author profile
Crude gapped down. WTI is 93.39, off roughly 7 percent from Friday's settle near 100, with Brent at 101. Heating oil is 4.89, RBOB is 3.45 and Henry Hub is 2.838, leaning on the 2.80 floor. The screen is pricing peace. Friday's COT shows a crowded long: managed money is net long…
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