Trading crude oil futures show speculative net length near

Trading crude oil futures show speculative net length near 14-month highs, indicating strong conviction in higher prices. Commodity strategists warn that any surprise build in inventories could trigger a short-term correction, though structural supply constraints remain supportive. Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%): Have a question for Natalie Campisi or our other editors? Short covering contributed to the latest rally in trading crude oil futures, as bearish traders rushed to close positions. This movement spiked prices by 2% intraday, with volume exceeding the 30-day average. Historical data shows similar price behavior preceding multi-day rallies in tight supply scenarios.