TREE NEWS reports: Speculative net long positions in Brent and WTI crude oil fell to 371,006 contracts in the week ended September 22, a four-week low, the US Commodity Futures Trading Commission said. NYMEX gasoline net longs rose to 96,163 contracts, roughly a 10-month high, while NYMEX diesel net longs dropped to 9,732 contracts, an 11-week low. NYMEX natural gas net short positions declined to 37,080 contracts, also an 11-week low.
CFTC: Brent and WTI Net Long Speculative Positions Fall to 371,006 Contracts, Four-Week Low
AI take
The divergence is the story: crude length is being trimmed while gasoline positioning pushes toward a ten-month high, suggesting the speculative bid is rotating down the barrel rather than leaving the complex. Diesel net longs at an eleven-week low and a shrinking natural gas net short point to uneven conviction across refined products and gas. Whether that gasoline strength persists alongside falling crude length is the open question.
Generated by AI for reference only.
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