U.S. crude oil is set for a volatile path ahead as both bullish and bearish wagers soar to record levels, with even large Wall Street banks at odds over future trends. Total long positions have risen to the highest level in over a year, while short positions climbed to a fresh record high, data from the U.S. Commodity Futures Trading Commission (CFTC) on Friday showed. “It does set you up for a bit of a push-pull situation between the bulls and the bears,” said Michael Tran, director of energy strategy at RBC Capital Markets in New York. “If we’ve learned anything about the oil market, it is that sentiment is extremely fragile.” The data suggests crude oil markets could be at a tipping point, after a […]