Crude Oil
Crude Oil (WTI)
Week of March 31, 2026
BEARISH
Smart money is net long and reducing.
2Y percentile: 29th — Below average
Weekly change: -20,989 contracts
Weekly Changes
Producer/Merchant+20.4K
Managed Money-21.0K
Swap Dealer+1.5K
Other Reportable+857
Positioning Percentile (2Y)
Producer/Merchant
86thWell above average
050100
Managed Money
29thBelow average
050100
Swap Dealer
1stExtremely low (historically rare)
050100
Other Reportable
100thExtremely high (historically rare)
050100
Full Stats Table
| Trader Type | Net Position | Weekly Change | 2Y Percentile | 5Y Percentile |
|---|---|---|---|---|
| Producer/Merchant | +287.7K | +20.4K | 86th | 94th |
| Managed Money | +73.3K | -21.0K | 29th | 14th |
| Swap Dealer | -532.8K | +1.5K | 1st | 0th |
| Other Reportable | +140.1K | +857 | 100th | 91st |
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.