Commodities Buzz: WTI Crude oil net speculative longs slide to two-month low

Energy speculators sharply cut their net long positions in the crude oil futures market unchanged, 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 178786 contracts in the data reported through week ended May 5, 2026. This marked a weekly slide of 13125 contracts and pulled down net longs to two-month low.

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