CRUDE OIL, LIGHT SWEET COT report

CRUDE OIL, LIGHT SWEET - NEW YORK MERCANTILE EXCHANGE positioning from the CFTC Legacy report. Net positions equal long contracts minus short contracts. Commercial, non-commercial and non-reportable classifications describe participants; they are not buy or sell signals.

Positions as of 2026-10-27. Open interest: 1886280 contracts. This is the latest stored observation, not live trading data.

How are traders positioned?

Non-commercial percentile: 15 across 104 stored observations. This is the share of sampled net positions at or below the latest value, not a price forecast.

Historical AI commentary — 2026-03-17

This commentary is dated separately from the positioning table. It may describe an earlier market environment.

Crude Oil, Light Sweet is at a historic positioning extreme, with Hedgers (Producers + Swaps) net long at the 100th percentile and Speculators (Managed Money) net short at the 0th percentile. This extreme divergence suggests a strong potential for a mean-reversion move, but the 12-week trend for both groups is flat, indicating this extreme positioning has been reached quickly and may need a cat...

How should this COT report be used?

Use positioning to understand exposure and crowded trades alongside price, liquidity and risk controls. Weekly reports generally describe Tuesday positions released on Friday, subject to the CFTC schedule. Classifications differ in TFF and Disaggregated reports. Compare like-for-like formats and dates.

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