Large traders lifted bullish net positions in WTI oil for the fifth straight week in seven days to March 19th, according to the data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts rose by 52,481 net contracts to total a net position of 414,746 contracts. The uptick was largely a result of the rise in the gross long positions by 34,394 contracts. Meanwhile, the short positions fell by 18,087 contracts. The bullish bets, however, may drop this week, courtesy of the heightened US and European recession fears. Oil prices are already feeling the pull of gravity – WTI is currently trading at $58.50 per barrel, having hit a four-month high of $60.37 per barrel on March 21. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD Technical Analysis: Break of immediate supportline can recall 1.3390, 1.3370 FX Street 4 years Large traders lifted bullish net positions in WTI oil for the fifth straight week in seven days to March 19th, according to the data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts rose by 52,481 net contracts to total a net position of 414,746 contracts. The uptick was largely a result of the rise in the gross long positions by 34,394 contracts. Meanwhile, the short positions fell by 18,087 contracts. The bullish bets, however, may drop this week, courtesy of the heightened US and European recession fears. Oil prices are already feeling the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.