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U. S. Dollar impact on oil prices
Posted: Mon May 04, 2015 3:29 pm
by dan_s
See chart at:
http://www.marketwatch.com/investing/index/dxy/charts
The pullback in the dollar is responsible for about $5/bbl of increase in WTI during April.
Re: U. S. Dollar impact on oil prices
Posted: Mon May 04, 2015 3:49 pm
by dan_s
May 4: Speculators have been a solid contributor to WTI’s pricing rebound. The most recent CFTC data shows non-commercial traders increased net long positions for a fourth consecutive week, boosting net long positions by 40,932 contracts (or 14.5%) to 323,092 contracts. The change was driven by a 49,564 contract reduction in short positions, which heavily outpaced long reductions. Long contracts are currently outnumbering shorts by about 5-to-2.
Re: U. S. Dollar impact on oil prices
Posted: Mon May 04, 2015 3:59 pm
by setliff
have you got a link to that CFTC data, dan?
Re: U. S. Dollar impact on oil prices
Posted: Mon May 04, 2015 4:32 pm
by dan_s
No, I just got that from a PLS newsletter I get. I will e-mail you a copy.