Commodities Buzz: WTI Crude oil net speculative longs see hefty fall to test seven-month low

Energy speculators continued to 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 62683 contracts in the data reported through week ended July 14, 2026. This marked a hefty weekly slide of 13066 contracts and pulled net longs to around seven-month low.

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