Mobius Intel Brief: Speculators’ Recap
Crude Complex: Bearish sentiment permeates the crude complex, with hedge funds and other investors paring NYMEX long positions by a combined 59 million barrels in the week ending May 7. Easing geopolitical disruption risks, historically healthy Atlantic Basin inventories, and a slower recovery in industrial activity weigh on crude benchmarks and refined products.
Natural Gas: A taste of record May heat and stabilized inventories are starting to remove shorts from the market, inviting a modicum of bullish upside for natural gas prices recovering from another warm winter battering.
Insights Pro: A Closer Look At Spec Positioning
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