Commodities Buzz: WTI Crude oil net speculative longs crash to seven-week low

Energy speculators sharply trimmed their net long positions in the crude oil futures market, 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 99060 contracts in the data reported through week ended October 6, 2026. This marked a slide of 10403 contracts and kept net longs near seven-week low.

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