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Bullish Bets on Crude Cut by Most Ever as Price Falls Below $50

Bloomberg - Markets -- Money managers’ WTI net-long position slips to 3-month low.
Wagers on a further price drop doubled as U.S. output mounts.Photographer: David Thompspn/Getty Images/First Light
Bullish Bets on Crude Cut by Most Ever as Price Falls Below $50
by Jessica Summers
March 19, 2017, 4:00 PM MST

Money managers’ WTI net-long position slips to 3-month low
Wagers on a further price drop doubled as U.S. output mounts

The exodus of oil-price optimists has begun.

Money managers cut bets on rising West Texas Intermediate crude by a record amount during the week ended March 14, while wagers on a further price drop doubled as oil remained below $50 a barrel.

"It’s sort of a negative feedback loop, where money managers were selling because the price was falling, and the price was falling


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Submitted Mar 20, 2017 By: ItisAJeepThing
Category: Daily News Article Discussions > Topics Add to favorite topics
Author Topic: Bullish Bets on Crude Cut by Most Ever as Price Falls Below $50 Back to Topics
REPLIES (newest first) Post a Reply
LanguageMan1
Champion Author Tampa

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Message Posted: Mar 26, 2017 2:43:30 AM

There won't be a glut forever or these lower prices.
honda0105
Champion Author Tallahassee

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Message Posted: Mar 22, 2017 4:56:55 AM

repeat.
Jeff4U
Champion Author Atlanta

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Message Posted: Mar 22, 2017 12:26:13 AM

There's no bullish bets! Bloomberg is so full of crap.
CVA19
Champion Author Salem

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Message Posted: Mar 21, 2017 11:10:27 PM

Below $50 sounds good to me.
woodeye55
Champion Author Gary

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Message Posted: Mar 21, 2017 9:44:07 PM

great
matthwbar
Champion Author Toledo

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Message Posted: Mar 21, 2017 2:21:31 PM

Interesting...
chemistr
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Message Posted: Mar 21, 2017 10:15:13 AM

30 Day Rank: 0
ceklea
Champion Author Twin Cities

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Message Posted: Mar 21, 2017 9:36:58 AM

Thank you for the report.
viperND
Champion Author South Bend

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Message Posted: Mar 21, 2017 5:08:53 AM

ok
Garwoodv6
Champion Author Houston

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Message Posted: Mar 21, 2017 12:29:57 AM

points
mbfd302
Champion Author Miami

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Message Posted: Mar 20, 2017 11:38:05 PM

Some price drop in Miami, Fl. area
BEtHinTenSleep
Champion Author Wyoming

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Message Posted: Mar 20, 2017 11:34:23 PM

o
ColaCommuter
Champion Author North Carolina

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Message Posted: Mar 20, 2017 11:33:52 PM

Okay
Jayburt
Champion Author Toledo

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Message Posted: Mar 20, 2017 11:33:31 PM

Yet we're still paying on a 30c increase at the pump!
FueledByDougie
Champion Author Columbus

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Message Posted: Mar 20, 2017 11:32:54 PM

ok
mfeldstein
Champion Author Ottawa

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Message Posted: Mar 20, 2017 11:32:00 PM

It was below $50 two weeks ago.
hell26
Champion Author Gasbuddy

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Message Posted: Mar 20, 2017 11:31:44 PM

ok
Badmoon
Champion Author Massachusetts

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Message Posted: Mar 20, 2017 11:31:24 PM

People have to lose a ton of money before it turns the corner. The markets can stay unbalanced longer than you can stay liquid.
baltzelle
Champion Author Georgia

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Message Posted: Mar 20, 2017 11:29:58 PM

K
lovehunten1187
Champion Author London

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Message Posted: Mar 20, 2017 11:28:51 PM

ok
RueLamarche
Champion Author Ontario

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Message Posted: Mar 20, 2017 11:28:51 PM

ok
kypeanuts
Champion Author Louisville

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Message Posted: Mar 20, 2017 11:28:33 PM

ok
studzo
Champion Author Chicago

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Message Posted: Mar 20, 2017 11:28:08 PM

Keep the prices low!!!
skinflint101
Champion Author Tampa

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Message Posted: Mar 20, 2017 11:26:01 PM

k
SteveHawk
Champion Author Ontario

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Message Posted: Mar 20, 2017 11:25:33 PM

ok
Zamolxes
Champion Author Ontario

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Message Posted: Mar 20, 2017 11:24:56 PM

Bad.......at the pumps here it goes..........UP.
lippoe_sokan
Champion Author Provo

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Message Posted: Mar 20, 2017 11:23:03 PM

The ups and downs continue.
PR58
Champion Author Tampa

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Message Posted: Mar 20, 2017 11:21:34 PM

Ok
01876
Champion Author Boston

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Message Posted: Mar 20, 2017 11:20:47 PM

Ok
judgemobile
Champion Author Ohio

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Message Posted: Mar 20, 2017 11:20:27 PM

my friend the elevator operator says words that are music to my oil-consuming ears: GOING DOWN ???
ocheresegirl
Champion Author Indiana

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Message Posted: Mar 20, 2017 11:18:23 PM

Big Oil GREED keeps gas prices high!
shivarr
Champion Author New Jersey

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Message Posted: Mar 20, 2017 11:18:12 PM

ok
cheapertvs
Champion Author Richmond

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Message Posted: Mar 20, 2017 11:17:47 PM

When will we see the resulting price drops at the pump?
RayLew
Champion Author Trenton

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Message Posted: Mar 20, 2017 11:17:42 PM

Great
ThunderBird89
Champion Author Columbus

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Message Posted: Mar 20, 2017 11:17:22 PM

in economic cycles, prices go up and prices go down... that is the nature of the market
WheresMyTruck
Champion Author Tacoma

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Message Posted: Mar 20, 2017 11:16:42 PM

idc
karlooch
Champion Author Kitchener-Waterloo

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Message Posted: Mar 20, 2017 11:16:39 PM

Okay
rippinusoff
Champion Author Lexington

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Message Posted: Mar 20, 2017 11:16:37 PM

Oh boy!
shiva4225
Champion Author New Jersey

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Message Posted: Mar 20, 2017 11:16:27 PM

ok
hallows
Champion Author St. Louis

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Message Posted: Mar 20, 2017 11:15:42 PM

ok
joel27nc
Champion Author Raleigh

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Message Posted: Mar 20, 2017 11:13:28 PM

Stay below $50!
Ray_10589
Champion Author New York

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Message Posted: Mar 20, 2017 11:13:25 PM

Gasbuddy a memory HOG trouble posting anything.
FocusFree
Champion Author Ottawa

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Message Posted: Mar 20, 2017 11:13:17 PM

seen
alaric76
Champion Author New Jersey

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Message Posted: Mar 20, 2017 11:12:54 PM

bad bet.
Tonkatsu
Champion Author Toronto

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Message Posted: Mar 20, 2017 11:12:42 PM

OK
GSKHY
Champion Author Montreal

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Message Posted: Mar 20, 2017 11:11:44 PM

WELL
92Buick
Champion Author Pennsylvania

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Message Posted: Mar 20, 2017 11:11:28 PM

I would like to see it fall below $30.
happylilly
Champion Author St. Louis

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Message Posted: Mar 20, 2017 11:11:23 PM

ok
JustGettinBy
Champion Author Connecticut

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Message Posted: Mar 20, 2017 11:11:14 PM

Keep the price below $50...
TheSicilian
Champion Author Jacksonville

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Message Posted: Mar 20, 2017 11:10:57 PM

k
USMCReaper
Champion Author New Jersey

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Message Posted: Mar 20, 2017 11:10:27 PM

Noted.
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