CoT: Spec Length Jumps for Crude, Products, and Natural Gas

A closer look at fund managers' energy market futures and options positioning

January 14, 2025 • Est. Reading Time: 2 minutes

Mobius Intel Brief:

CFTC/ICE Commitment of Traders data through January 7, 2025:

  • Fund managers’ net interest in NYMEX Henry Hub increased for the third time in four weeks as forecasts for colder temperatures improved demand expectations in the seven days ending January 7.

  • Fund managers’ combined net length across ICE and NYMEX crude and product benchmarks gained by a combined 97 MMb W/W to 540.6 MMb in the seven days ending January 7 from 443 MMb on December 31. Net length increased for WTI, Brent, gasoil, and ULSD, while net interest in RBOB remained little changed W/W.

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