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CFTC Weekly: Brent OI drops, new record gas shorts

Funds cut length across oil to 3 Nov: Brent net lowest since 14 Jul, WTI 6th pctile, RBOB 84th; natgas positioning at new low
Published: November 9, 2026
Written by:
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
Reviewed by:
Giovanni Simonetti

Giovanni Simonetti

Junior Data Analyst, Flux
Giovanni Simonetti
13 page report
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CFTC and ICE COT, week to 03 Nov: Brent OI down 6% as funds cut oil length, natgas positioning at a new low

For the week to 03 Nov

Brent: OI -6.25% w/w ! Fund length -10.4% , shorts +14.3% ! Net positioning lowest since 14 Jul- long:short ratio in 20th percentile

WTI: OI +1.25% fund length -6.4% , 6 weeks of drops. Fund positioning in 6th percentile.

Gasoil: OI +2.35%. Fund length -9.15%. Fund positioning in 47th percentile

RBOB: OI -4.4%! Fund length -4.6% shorts -1.5%. Fund positioning in 84th percentile

HO: OI -2.78% Fund length -10.95% shorts -8.7% . Fund positioning in 29th percentile

Natgas: fund shorts up 4.7%. New low for fund positioning in natgas.

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Written by

Martha Dowding

Research Associate, Flux
Martha Dowding

About CFTC Weekly Analysis

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