Commodities Buzz: WTI Crude oil speculative longs tumble after recent surge

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 209374 contracts in the data reported through week ended July 8, 2025. This was a weekly tumble of 25319 net contracts and took net longs to three-week low, having hit six-month high in previous week.

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