Money managers continued to liquidate long positions in the petroleum futures last week, but the pace of rising shorts has slowed after the early market panic about the impact of the coronavirus outbreak on oil demand. Portfolio managers reduced their net long position—the difference between bullish and bearish bets—on WTI Crude by 7 percent in the week to February 11, according to the latest data from the U.S. Commodity Futures Trading Commission, as carried by Bloomberg . Despite a slowdown in shorts on WTI, the overall positioning in the contract remains the most bearish since November, according to Bloomberg estimates. In the week to February 11, money managers sold the equivalent of 74 million barrels in the six most important petroleum contracts, exchanges data compiled by Reuters market analyst John Kemp showed on Monday. Hedge funds were still net sellers of oil futures last week, but the pace of […]