Speculator Positioning

Daily Market UpdateFXRegulatoryCrude ComplexMetalsEmerging TechNuclearPowerMiddle EastEuropeGlobal MacroInterest RatesEnergy ShotsRenewablesAsiaUnited StatesAlternative FuelsWeekly Market UpdateIntel BriefsCritical MineralsSpeculator PositioningBondsNatural GasShipping & LogisticsIndustry and Manufacturing
Fund Positioning: Fuel for Short-Covering
Premium

Fund Positioning: Fuel for Short-Covering

Speculative net length in ICE Brent fell for the 10th consecutive week ahead of renewed U.S.-Iran hostilities. Fund managers' natural gas positioning shifted incrementally less bearish, opening long-liquidation risks that may be catalyzed by bearish developments in domestic fundamentals.

Daily Market Update: July 13, 2026
Premium

Daily Market Update: July 13, 2026

Today in oil and natural gas markets...

Daily Market Update: July 8, 2026
Premium

Daily Market Update: July 8, 2026

Today in oil and gas markets...

Fund Positioning: Nine Weeks of Selling
Premium

Fund Positioning: Nine Weeks of Selling

Speculative net length in ICE Brent fell for the ninth consecutive week as shorts rebounded from their first decline since March. Fund managers' natural gas positioning shifted incrementally less bearish as participants continue to adjust expectations for 2H26 associated gas.

Fund Positioning: Selling Slows
Premium

Fund Positioning: Selling Slows

Speculative net length in ICE Brent fell for the eighth consecutive week despite the first decline in shorts since end-March. Fund managers' natural gas positioning gets incrementally less bearish as participants adjust expectations for 2H26 associated gas.

Daily Market Update: June 29, 2026
Premium

Daily Market Update: June 29, 2026

Today in oil and natural gas markets...

Fund Positioning: Shorts Jump 48%
Premium

Fund Positioning: Shorts Jump 48%

Speculators ramp bearish bets in global crude benchmarks to near-max levels after the announcement of the U.S.-Iran MoU. Funds' natural gas positioning gets incrementally less bearish as participants adjust expectations for 2H26 associated gas.

Daily Market Update: June 22, 2026
Premium

Daily Market Update: June 22, 2026

Today in oil and natural gas markets...

Fund Positioning: Speculators Short Crude Ahead of US-Iran Deal
Premium

Fund Positioning: Speculators Short Crude Ahead of US-Iran Deal

Speculators bet on continued improvement in tanker flows through the Strait of Hormuz. Natural gas bears bet on loose summer fundamentals, holding short interest in the top quartile of the trailing 10YR distribution.

Fund Positioning Brief: Speculators Bet on Hormuz Normalization
Premium

Fund Positioning Brief: Speculators Bet on Hormuz Normalization

Speculators bet on continued improvement in tanker flows through the Strait of Hormuz. Natural gas bears bet on loose summer fundamentals, holding short interest in the top quartile of the trailing 10YR distribution.

Fund Positioning Brief: Natty Bears Bet on Loose Summer
Premium

Fund Positioning Brief: Natty Bears Bet on Loose Summer

Speculators bet on continued improvement in tanker flows through the Strait of Hormuz. Natural gas bears bet on loose summer fundamentals with the largest short position since November 2024.

Fund Positioning Brief: Crude Shorts Look to Hormuz Normalization
Premium

Fund Positioning Brief: Crude Shorts Look to Hormuz Normalization

Speculators bet on continued improvement in tanker flows through the Strait of Hormuz. Natural gas bears retreat on optimistic summer power demand expectations.