NEUTRAL
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Live CFTC

Crude Oil

CL
EnergyDisaggregated

Signal state

Neutral+0

Global growth barometer where positioning can swing quickly with macro shocks.

Signal layer

Score breakdown

How the +100 to -100 conviction score is calculated

Macro Score

+3 pts

Target Exposure

0%

Market History

Net Positioning History

Historical net positioning (Longs minus Shorts) for the reference trader group.

Compare Markets
Crude OilManaged Money — 6 Month Positioning Report
Report DateLong PositionsShort PositionsChange in LongsChange in ShortsNet PositionsNet Change% OI Long% OI ShortOpen Interest
Max215,871163,135+20,701+32,591148,985+40,1707.3%7.0%3,138,821
Min117,08856,042-12,015-35,438-29,995-34,0574.7%1.8%2,242,146
13 Per. Avg180,00996,240+5,020-5,08283,770+10,1016.7%3.7%2,684,430
Mar 24, 2026215,87166,886+2,709+1,585148,985+1,1247.3%2.3%2,952,171
Mar 17, 2026213,16265,301+20,701+9,259147,861+11,4427.1%2.2%3,011,766
Mar 10, 2026192,46156,042+12,667-15,331136,419+27,9986.1%1.8%3,138,821
Mar 3, 2026179,79471,373-12,015-22,249108,421+10,2346.2%2.5%2,889,103
Feb 24, 2026191,80993,622+9,226-7,74298,187+16,9687.0%3.4%2,724,561
Feb 17, 2026182,583101,364+5,274+10,36981,219-5,0957.1%3.9%2,577,058
Feb 10, 2026177,30990,995-1,037-6,97486,314+5,9376.6%3.4%2,680,183
Feb 3, 2026178,34697,969+6,915-10,47180,377+17,3866.6%3.6%2,688,721
Jan 27, 2026171,431108,440+3,010-6,54762,991+9,5576.6%4.2%2,585,126
Jan 20, 2026168,421114,987-59-10,98653,434+10,9276.9%4.7%2,438,338
Jan 13, 2026168,480125,973+17,047-2,88042,507+19,9276.7%5.0%2,533,712
Jan 6, 2026151,433128,853+2,413-45622,580+2,8696.4%5.4%2,382,115
Dec 30, 2025149,020129,309-1,594-3,63919,711+2,0456.5%5.6%2,295,914
Dec 23, 2025150,614132,948-289-6,86417,666+6,5756.6%5.9%2,267,166
Dec 16, 2025150,903139,812+12,461+12,11511,091+3466.5%6.0%2,322,931
Dec 9, 2025138,442127,697+4,732-35,43810,745+40,1706.0%5.5%2,308,356
Dec 2, 2025133,710163,135+138+1,008-29,425-8705.7%7.0%2,335,339
Nov 25, 2025133,572162,127-3,915+21,319-28,555-25,2345.8%7.0%2,314,741
Nov 18, 2025137,487140,808+5,626+12,125-3,321-6,4996.1%6.3%2,242,146
Nov 10, 2025131,861128,683-6,836+12,6373,178-19,4735.5%5.4%2,390,711
Nov 4, 2025138,697116,046+352-17,70922,651+18,0615.8%4.8%2,409,632
Oct 28, 2025138,345133,755+11,605-22,9804,590+34,5855.8%5.6%2,375,562
Oct 21, 2025126,740156,735+2,493+7,403-29,995-4,9105.1%6.3%2,468,711
Oct 14, 2025124,247149,332+7,159+16,573-25,085-9,4144.8%5.8%2,595,395
Oct 7, 2025117,088132,759-1,466+32,591-15,671-34,0574.7%5.3%2,492,297
Sep 30, 2025118,554100,168+0+018,386+04.8%4.1%2,469,965

COT report

Longs vs shorts by trader category — week by week

Browse the official CFTC report week by week to see how each trader group's positioning has shifted. The WoW Δ column shows the net contract change from the prior week.

Mar 24, 2026(Latest)
Open interest: 2,952,171 contractsWeek 1 of 26
Trader typeLongShortNetLong % OIShort % OINet % OIWoW Δ Net

Managed Money

Reference group used for the main bias model

215,87166,886148,985+7.3%+2.3%+5.1%+1,124

Swap Dealers

117,539760,510-642,971+4.0%+25.8%-21.8%-21,644

Producer Merchant

693,210414,117279,093+23.5%+14.0%+9.4%+18,715

Other Reportables

213,91837,940175,978+7.2%+1.3%+6.0%+11,854

Nonreportable

94,23455,31938,915+3.2%+1.9%+1.3%-10,050

Interpretation layer

Why the terminal reads this market the way it does

The platform turns the underlying scores into a readable narrative: pressure, confirmation, macro support, and crowding.

Positioning pressure

The market is leaning bearish. This week looks steady versus the recent range.

Trend check

Trend is fighting the current positioning.

Macro check

Macro conditions are mostly neutral right now.

Crowding

Positioning looks balanced rather than crowded.

Current positioning

The market is leaning bearish. Positioning looks balanced rather than crowded. Managed Money is currently net long by 148,985 contracts.

Macro regime

Macro conditions are mostly neutral for Crude Oil.

Replay summary

Mixed regime. The market is leaning bearish. Trend is fighting the current positioning. Macro conditions are mostly neutral right now.