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Crude oil long jumps the most since 2020
This summary highlights futures positions and changes made by hedge funds across commodities and forex during the week to last Tuesday, January 17. A week that saw strong gains across stocks with focus on the incoming earnings season, and a dollar touching a nine-month low as bond yields continued to ease with traders increasingly looking for a one-and-done rate hike from the U.S. Federal Reserve. The Bloomberg commodity index (BCOM) meanwhile rallied strongly with gains seen across all sectors on China demand optimism. The commodity sector saw strong gains led by crude oil and fuel products as well as copper on ... (full story)