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 strengthens as US and Iran exchange strikes for the first time in weeks

Brent rises above $91/bbl as the US and Iran trade strikes; US Treasury imposes secondary sanctions on Banque Misr's UAE branches
31 August 2026

Summer of RBOB

Funds trim Brent futures length; speculators accelerate RBOB futures purchases; diverging CTA crude and gasoline positioning
13 page report
31 August 2026

Brent Regains as QatarEnergy Extends Force Majeure

Brent recovers to $88.28 as Qatar extends LNG force majeure, Germany fills gas storage, Energean eyes BP's Egypt assets.
28 August 2026

Brent Rangebound As Trump Eyes Meeting with Domestic Refiners and Retailers

Brent holds near $88 as Trump meets refiners, eyes Venezuela oil stake; Gulf flows recover 2/3; Brazil export tax hit by legal limbo.
28 August 2026