2026.06.2619:30:00UTC+00Speculators Trim Bullish Crude Oil Bets as Net Longs Ease to 114.6K

Speculative interest in U.S. crude oil futures softened in the latest reporting week, with net long positions slipping as traders reassessed their bullish exposure. According to data updated on 26 June 2026, CFTC Crude Oil speculative net positions fell to 114.6K, down from a previous level of 124.5K.

The decline in net long positions suggests that some speculators have taken profits or reduced risk, tempering earlier optimism on the crude market. While positioning remains net long overall, the pullback from 124.5K to 114.6K points to a more cautious tone among market participants, who may be responding to evolving demand expectations, supply dynamics, or broader macroeconomic uncertainty.