Home » Futures Oil » Oil Trading & COT Data 28 Aug 2009

Oil Trading & COT Data 28 Aug 2009

Moves by the CFTC to try and regulate the oil trading market and prevent the kind of speculation which has seen crude oil prices rise from $30 per barrel back towards $70+ this year took an interesting twist yesterday when it was announced that the weekly COT data would now include new details on the aggregate holdings of the big Wall Street dealers, hedge funds and other financial participants.    COT data is a useful market sentiment tool but as many of the market participants both hedge and speculate it has become increasingly difficult to analyse.   According to the CFTC the new format will be making its debut next Friday.

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