U.S. CFTC: Bullish sentiment for Brent and WTI crude oil hit a fresh 21-week high, and bearish sentiment for natural gas in New York hit a new one-year high

U.S. Commodity Futures Trading Commission (CFTC): In the week of February 27, speculators’ net Long positions in NYMEX WTI crude oil increased by 40,580 contracts to 174,730 contracts, a new high in more than four months. The net Long position in Brent and WTI crude oil increased by 20,191 contracts to 420,150 contracts, the highest in the last 21 weeks. The net Long position in ICE Brent crude oil fell by 17,488 contracts to 254,781 contracts, hitting a three-week low. The net Long position in NYMEX gasoline decreased to 61,003 contracts, and the net Long position in NYMEX heating oil increased to 24,347 contracts. Short NYMEX natural gas positions increased to 64,396 contracts, the highest in about a year.