September crude oil prices traded higher during the overnight session, supported by hopes that the ECB could pursue more aggressive action to lower borrowing costs in Spain and Italy. Some traders suggested that a measure of weakness in the Euro, relative to the US dollar suggests that there are some reservations in the market that central bankers might be unable to deliver on recent promises. Meanwhile, the crude oil market garners a measure of support from violence in Syria, with battles continuing in Aleppo. The Commitments of Traders Futures and Options report as of July 24th showed non-commercial traders were net long 232,243 contracts, an increase of 17,532. Non-commercial and nonreportable traders combined held a net long position of 231,778 contracts, for an increase of 24,757 in their net long positioning.