According to the CFTC Commitments of Traders report for the week ended Jun 19, net LENGTH for crude oil futures declined -14 346 contracts to 580 947. Net LENGTH for heating oil futures rose +16 653 contracts to 51 250 while that for gasoline soared +11 668 contracts to 97 536. Net SHORT for natural gas decreased +11 869 contracts to 46 256 for the week. During the week, prices of both crude oil benchmarks dropped, with the WTI and Brent contracts losing -1.94% and -1.05% respectively. For refined oil products, the Nymex heating oil and RBOB gasoline contracts fell -1.85% and -2.49% respectively. The Nymex natural gas contract was down -1.33% for the week.
For the precious metal complex, Net LENGTH for the gold futures declined -23 728 contracts to 96 512 while that for silver fell -8 828 contracts to 40 902 for the week. The benchmark Comex gold and silver contract declined -1.51% and -3.24% respectively.For PGMs, platinum drifted to NET SHORT of 5 161 contracts while that for palladium dropped -2 298 contracts to 11 064. The Nymex platinum and palladium contract plummeted -4.07% and -5.58% respectively.
