The prolonged shutdown of the US government has deprived oil traders of access to critical market positioning data, which could destabilize commodity trading. This is stated in a Bloomberg article, writes UNN.
Details
The Commodity Futures Trading Commission (CFTC), due to lack of funding, has stopped publishing Commitments of Traders (COT) reports, which were used by both large funds and private investors.
Damn, now what?
These reports helped determine market sentiment and the balance between speculators and producers.
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The lack of data makes the market more vulnerable to speculation and sharp price fluctuations.
Week after week, and this is becoming an increasingly serious problem
The CFTC plans to resume publishing reports after the government reopens, gradually catching up on missed data. But experts warn: the lack of transparency could force investors to reduce activity and leave the market without guidance for several weeks.
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