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2026-10-31 07:30:24
[CFTC: Speculators Reduce Net Long Positions in US Crude Oil] ⑴ The US Commodity Futures Trading Commission (CFTC) said on Friday that, as of the week ending October 27, money management firms reduced their net long positions in US crude oil futures and options. ⑵ Speculators reduced their combined futures and options positions in New York and London by 6,616 contracts to 104,314 contracts during this period. ⑶ Breakdown data shows that net long positions held by managed funds in crude oil on the New York Mercantile Exchange (NYMEX) were 99,771 contracts, a decrease of 2,136 contracts, while net long positions in West Texas Intermediate (WTI) crude oil on the Intercontinental Exchange (ICE) were 4,543 contracts, a decrease of 4,480 contracts. ⑷ Swaps traders' total net short positions were 735,844 contracts, an increase of 476 contracts, while producers' total net long positions were 524,999 contracts, an increase of 10,834 contracts. (5) Regarding refined oil products, the net long position of RBOB gasoline managed funds was 91,394 contracts, a decrease of 2,197 contracts, and the net long position of heating oil was 8,585 contracts, a decrease of 4,737 contracts. (6) The data reflects that speculative funds' bullish sentiment towards crude oil has cooled somewhat, but the increase in the net long position of producers indicates a relatively positive stance on the industry side.
