69 comments on Oil Rises, Gasoline Climbs to a Record, on U.S. Supply Decline
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The spec long position in crude oil is tiny as a % of total position. I will try and find graphic and or link. Far far higher on gold and grains.
I don't doubt that as a % of trading volume, there is less spec in crude than gold or grain right now. (I suspect that that's always been the case with gold, but that grain is a new development.) However, I don't believe it's a "tiny %". I'd love to see the data.