According to the CFTC Commitments of Traders report for the week ended Jun 26, net LENGTH for crude oil futures jumped +44 144 contracts to 625 091. Net LENGTH for heating oil futures dropped -4 104 contracts to 47 146 while that for gasoline fell -2 065 contracts to 95 471. Net SHORT for natural gas increased +17 693 contracts to 66 949 for the week. During the week, the front-month WTI crude oil contract jumped +8.4% while the Brent contract added +1.64%. For refined oil products, the Nymex heating oil and RBOB gasoline contracts added +0.34% and +1.8% respectively. The Nymex natural gas contract gained +1.34% for the week.
Traders turned either less bullish or more bearish over the precious metal complex. Net LENGTH for the gold futures declined -19 840 contracts to 76 672 while that for silver fell -6 681 contracts to 34 221 for the week. For PGMs, NET SHORT of platinum rose 954 contracts to 6 115 while that for palladium declined -2 473 contracts to 8 591. The benchmark Comex gold and silver contract declined -1.49% and -0.4% respectively. For PGMs, while the Nymex platinum contract climbed +0.74% higher, the corresponding palladium contract was down -0.59%.
