FX.co ★ CL/Crude Oil

Based on the COT reports, it seems that more and more players in the oil market are betting on growth. For the second week in a row, traders are increasing their bets on the rise in the price of black gold, starting from levels that were close to the lowest values at the end of October. Interestingly, their net position is currently the largest in the last four months. If this trend continues, it is quite likely that oil prices will continue to rise.