Due to the US government shutdown, there is no CFTC COT data for the week ending 14 Oct. This includes WTI, RBOB, Heating Oil, and Henry Hub.
In the week ending 14 Oct, Brent futures saw a drop in prices, reaching a high of $66.47/bbl on 08 Oct before seeing a low of $62.16/bbl on 14 Oct. Money managers reduced their long position for the fourth consecutive week, down 21 mb (−8%), while increasing their shorts for the third week by 10 mb (+8%).
Net long positioning saw another decline in the week ending 14 Oct, down 31mb (-22%), falling to 110mb. When compared to the yearly and 5-year averages (188mb and 200mb, respectively), levels remain historically low. Given this, the market continues to appear relatively risk-off.
