Crude Oil
Crude Oil (WTI)
Week of June 23, 2026
MIXED
Smart money is net long and reducing.
2Y percentile: 39th — Below average
Weekly change: -13,356 contracts
Weekly Changes
Producer/Merchant+160
Managed Money-13.4K
Swap Dealer+12.6K
Other Reportable+3.5K
Positioning Percentile (2Y)
Producer/Merchant
100thExtremely high (historically rare)
050100
Managed Money
39thBelow average
050100
Swap Dealer
11thWell below average
050100
Other Reportable
8thExtremely low (historically rare)
050100
Full Stats Table
| Trader Type | Net Position | Weekly Change | 2Y Percentile | 5Y Percentile |
|---|---|---|---|---|
| Producer/Merchant | +378.9K | +160 | 100th | 100th |
| Managed Money | +82.9K | -13.4K | 39th | 20th |
| Swap Dealer | -531.5K | +12.6K | 11th | 4th |
| Other Reportable | +31.8K | +3.5K | 8th | 3rd |
About Crude Oil Positioning
The most important commodity on earth. Crude positioning captures OPEC policy bets, global demand expectations, and geopolitical risk premiums. Producer hedging surges signal that the industry is locking in prices — they know something. Managed money positioning at extremes has historically preceded major oil price reversals.