Speculators Unconcerned About Sustained Higher Crude With net-long positions at about 9.5% of petroleum futures open interest to Oct. 12, hedge funds appear to be betting against WTI crude oil staying above $100 a barrel. That WTI has never ended a year above this threshold may be a reason, and my graphic highlights a primary price headwind -- US crude and liquid fuels net exports approaching 5 million barrels a day. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tmu959rkv2tp {BI COMD} #crudeoil #futures @BBGIntelligence