Flux Markets | CFTC Summary Skip to main content

CFTC Summary

Funds boosted Brent and WTI longs; distillates saw risk-off, RBOB shorts fell sharply, while natgas shorts rose on warmer weather outlook.
Published: February 16, 2026
Written by:
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding

Brent – Fund net positioning at its highest since the week to 01 Apr 2025 +2.55% w/w. Long positions from these players are at their highest in over a year.

WTI - Fund net positioning is at its highest level in 6 months, increasing by over +3.10% w/w.

Distis - Funds were risk-off in gasoil, removing both longs and shorts by -4.68% and -4.04%, respectively. This drop in length from funds was also seen in heating oil. However, there was a +15.28% increase in HO short positions w/w, which is the largest % increase in 12 weeks.

RBOB - Funds removed -41.13% of their short positions in RBOB in the week to 10 Feb. Managed by money net positioning is its highest in 10 weeks.

Natgas – Likely due to the expected warmer weather and following a -45% drop in managed money short positions in the previous 3 weeks, shorts increased by +15.28% in the week to 10 Feb.

Written by

Martha Dowding

Research Associate, Flux
Martha Dowding

Related News

Brent Eases as The US Agrees to Further Talks With Iran

Brent eases as US-Iran talks resume. Russia's fuel crunch deepens, while India expands SPR capacity with a new 13mb site.
10 July 2026

Brent on its way to weekly gains on geopolitical risk

Oil prices are on-track for a weekly gain, with the M1 Brent futures contract beginning the week at $71.54/bbl.....
10 July 2026

Brent Slides as Russia’s Saratov Refinery is Hits

Brent falls as Russia halts refinery runs and bans diesel exports. CFTC blocks 24/7 crude trading; Iraq backs OPEC membership.
9 July 2026

Brent trades lower to $77 as US and Iran threaten further strikes

Brent traded lower to $77 even as the US and Iran launch strikes for a second day, threatening further military action
9 July 2026