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Financials: Speculator Sentiment Turns More Bearish Again

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Financial players have been moving rapidly in and out of the oil market, riding the wave of volatile price changes. They are again mostly selling their bets that prices can move higher, while also adding to their positions that prices can move lower after a late August whiplash, data from market regulators show. A more bearish sentiment is taking hold of market players. In August they seemed to think that product prices could still rise. Now speculators positioning suggests a consensus that the market is not ready for a major price rally and can see more downside first.

Topics:
Oil Futures and Derivatives, Oil Prices, Crude Oil, Oil Products, Opec/Opec-Plus
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