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CFTC Weekly: Fund only ramping up risk in RBOB

Funds de-risked in Brent, WTI, Gasoil, and HO
Published: October 12, 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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Funds skew short in crude, in quite a risk-off week.

Brent OI fell 4.08% w/w and 9.8% over three weeks. Fund length fell 17.65%. Fund long:short ratio is in the 26th percentile since 2013.

WTI fund length fell 14.68% w/w and 20% in two weeks. Shorts fell 3.6% after rising for three weeks. The long-short ratio is at the 10th percentile since 2013, its lowest since January.

Gasoil OI fell 2.82% w/w and 13% in five weeks. Fund length fell 5% for a fourth straight week; shorts fell 3.5%. The fund long-short ratio is at the 52nd percentile.

Heating oil fund length fell 11.6% w/w. Shorts fell 11.5% w/w and 21% over two weeks.

RBOB fund length rose 4.16% w/w, while shorts rose 13.7%. This is the largest addition in 13 weeks. The long-short ratio is at the 72nd percentile, indicating a buy-side skew.

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Written by

Martha Dowding

Research Associate, Flux
Martha Dowding

About CFTC Weekly Analysis

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