Speculative net short positions in gasoil

Speculative positioning in gasoil is net short for the first time since November 2014. Thich is attributable above all to a renewed sharp increase in short positions. 

Oil prices fell yesterday for the fourth consecutive day and still find themselves under selling pressure. 

The pessimistic sentiment expresses the plentiful supply situation as reflected in almost record-high ARA gasoil stocks and low gasoil crack spreads, says Commerzbank.