Maybe behind the plunge in crude earlier this week: Speculative longs were near an all-time high...

|By:, SA News Editor

Maybe behind the plunge in crude earlier this week: Speculative longs were near an all-time high as of Tuesday, according to the CFTC's Commitment of Traders report. A chart of speculator positions vs. the price of oil over time shows spiking longs often presaging a quick reversal in price. (via)