Investors increased their bets on the falling value of the us WTI crude oil to a record 2006 level. On Monday, August 8, reports Bloomberg, citing data from the Commission on trade commodity futures U.S. (CFTC).
Investors are waiting for a new decline in prices, as during the last five years, crude oil futures fell in September, the Agency said.
According to the CFTC, for the week ended 2 August, the hedge funds increased their short positions in WTI crude to 218623 units. This is a record figure in the history of data collection since 2006.
The market price of oil WTI for the same period fell by 7.9 percent to 39.5 dollars per barrel. Monday at 14:10 MSK WTI crude oil at London exchange ICE cost 42,44 of the dollar rate increased by 1.53 per cent to the closing session, August 5).
On 8 August the President of OPEC said that the recent decline in oil prices is temporary and in the second half of 2016, the demand for raw materials will grow.
August 1, the price of Texas oil WTI fell below $ 40 a barrel for the first time since April 20.
