24.07.202619:30:00UTC+00Speculators Deepen Bullish Bets on U.S. Crude as Net Longs Jump to 81.7K

Speculative interest in U.S. crude oil futures has strengthened, with net long positions rising from 62.7K to 81.7K contracts, according to the latest Commitments of Traders data from the U.S. Commodity Futures Trading Commission (CFTC) updated on 24 July 2026. The increase signals growing bullish sentiment among hedge funds and other money managers toward the U.S. crude market.

The sharp buildup in net long positions suggests that speculative traders are positioning for higher oil prices or improved demand conditions. The move from 62.7K to 81.7K represents a notable gain in appetite for risk on the long side, often interpreted as confidence in tighter supply dynamics, resilient consumption, or both. Market participants will be watching upcoming macroeconomic data, inventory reports, and OPEC+ signals to gauge whether this renewed optimism in crude has room to extend.

While the CFTC figures do not provide a forecast in themselves, they serve as a barometer of sentiment in the futures market. The latest data imply that professional speculators are increasingly aligned on a constructive view for U.S. crude prices, potentially adding momentum to any ongoing price trend if fundamental data continue to support the bullish stance.