Commodities Buzz: WTI Crude oil net speculative longs fall further

Energy speculators continued to reduce 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 155874 contracts in the data reported through week ended June 2, 2026. This marked a weekly slide of 5124 contracts and kept net longs at three-and-half month low.

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