Crude oil regains some track

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Oil News

WTI,Brent,Commodities

Crude oil's resilience has seen Commodity Trading Advisors (CTAs) add back their notable length in WTI.

Crude oil's resilience has seen Commodity Trading Advisors add back their notable length in WTI. The impact to oil supply from hurricane Beryl was less than expected, TDS analysts note.

CTAs add back their notable length inWTI “Crude oil's resilience has seen CTAs add back their notable length inWTI, and for now, it is likely these funds will hold onto their position unless prices sink below the key $80/bbl region which has held strong since the revival of the supply risk premia tied to Middle East tensions and an early start to what experts are suggesting will be a busy hurricane season.

 

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