Historical Year Data · 2016
WTI Net Speculative Positioning in 2016
WTI Net Speculative Positioning opened 2016 at 12,073 and closed at -5,783, a -147.90% move for the year. The high of 18,840 was reached on July 5, and the low of -40,046 on November 1.
Open
12,073
2016-01
Close
-5,783
52 data points
High
18,840
Jul 5
Low
-40,046
Nov 1
Full Year Change
-147.90%
2015 Change
-66.28%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 12,073 | 5,215 | 14,078 | 5,215 | -56.80% |
| Feb | -5,321 | 892 | 15,849 | -6,173 | +116.76% |
| Mar | 5,490 | -3,472 | 5,490 | -10,076 | -163.24% |
| Apr | 3,174 | -4,416 | 4,400 | -7,871 | -239.13% |
| May | 382 | 16,315 | 16,998 | 382 | +4170.94% |
| Jun | 4,746 | 15,025 | 15,025 | 1,362 | +216.58% |
| Jul | 18,840 | 1,322 | 18,840 | 1,322 | -92.98% |
| Aug | 8,135 | 17,980 | 17,980 | -13,537 | +121.02% |
| Sep | 12,500 | 17,796 | 17,796 | 1,306 | +42.37% |
| Oct | -19,033 | -39,645 | -19,033 | -39,645 | -108.30% |
| Nov | -40,046 | 12,559 | 16,031 | -40,046 | +131.36% |
| Dec | -11,412 | -5,783 | 3,672 | -11,412 | +49.33% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
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