值得注意的是，在该报告周内，油价交易区间不到3美元，这表明看涨押注的增加可能源于长期定位的变化，而非短期价格反应。Although oversupply puts pressure on the oil market in 2025, investors are still preparing for upside risks, primarily influenced by Trump's stance on Iran after returning to the White House, as well as the ongoing geopolitical risks.
Investors are Bullish about the oil market outlook for 2025, with Call bets reaching a four-month high.
On Tuesday, according to data from the USA Commodity Futures Trading Commission (CFTC),Futures Trading Commission (CFTC)'s latest data shows that investors are significantly reducing their net short positions in US soybean, corn, and wheat contracts, easing bearish sentiment in the market.fund managers increased their net long positions in WTI Crude Oil by 21,694 contracts to 182,895 contracts in the week ending December 24, 2024, reaching the highest level in four months.
It is worth noting that during the week of the report, the oil price traded within a Range of less than $3, indicating that the increase in Call bets may stem from changes in long-term positioning rather than short-term price reactions.
This increase followed a significant rise in Call bets by hedge funds a week earlier, which was the largest increase in a year. Although the upcoming supply surplus poses pressure on the oil market in early 2025, investors are still preparing for upside risks. Key influencing factors include:
Trump's imminent return to the White House, with his stance on major oil exporter Iran becoming an important variable of concern for traders;
The conflicts in Ukraine and the Middle East continue, and geopolitical risks remain.
Analysis from Bridgeton Research shows that algorithmic traders turned to net long positions in WTI and Brent Crude Oil earlier this month, and have been continuously expanding these positions. This trend echoes the operations of Fund managers, reflecting an optimistic market expectation for oil price trends in 2025.
