Commodities Buzz: WTI Crude oil speculative longs slump

Energy speculators sharply cut their net long positions in the crude oil futures market yet again, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Crude oil futures, traded by large speculators, hedge funds and retailers, totaled a net long position of 165694 contracts in the data reported through week ended May 27, 2025. This was a weekly slide of 20726 net contracts and pulled net position from a two-month high.

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