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CFTC WEEKLY ANALYSIS

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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

Bulls In Middle Distillates

Money managers consolidate positions in Brent futures; Heating Oil and ICE gasoil long positions highest level since start of Iran War
13 page report
24 August 2026

Brent bulls, WTI bears

Money managers rebuilt Brent length but increased shorts in WTI. Short-covering in Gasoil
13 page report
17 August 2026

Bearish Reversal

Speculators trim crude length on greater hopes for a Hormuz reopening; CTA short selling decelerate; natural gas length near 2-year lows
13 page report
10 August 2026

Short Withdrawal

Funds continue to liquidate their short crude futures positions
13 page report
3 August 2026

Funds Bullish Brent

Brent, gasoil and HO saw fresh buying and short-covering from funds
13 page report
27 July 2026

Brent Buying

Funds buy Brent, boost HO, but stay risk-off in WTI, gasoil and nat gas.
13 page report
20 July 2026

CFTC Weekly: Risk on in Products

Outright length in Brent lowest since December
13 page report
13 July 2026

CFTC Weekly: Funds Bearish Crude

Funds stayed bearish in crude, added shorts in products
13 page report
6 July 2026

ICE COT: Funds Keep Selling Brent

Funds turned more bearish in Brent, long:short ratio fell to the 8th percentile.
13 page report
29 June 2026

CFTC Weekly: Funds Sell Brent

Brent shorts surged, RBOB and heating oil shorts rose, gasoil length rebounded; nat gas sentiment stayed weak.
13 page report
22 June 2026

Brent shorts rise for tenth straight week

Money managers removed 24.8mb (-6.8%) from their longs and added 4mb (+3.5%) to their shorts in Brent futures....
13 page report
15 June 2026

Brent net longs fall to lowest since March

Producers/merchants were risk-off in Brent futures, removing 102mb (-11%) and 141mb (-9.5%) from their longs and shorts respectively....
13 page report
8 June 2026