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21.08.202619:30:00UTC+00Speculative Bullish Bets on U.S. Crude Oil Climb as Net Longs Jump to 122.1K

Speculative sentiment in the U.S. crude oil market strengthened notably, as the latest CFTC data show net long positions rising to 122.1K from a previous 99.2K. The figures, updated on 21 August 2026, indicate a clear increase in bullish positioning among traders.

The expansion in speculative net longs suggests that market participants have grown more optimistic about the near-term outlook for crude oil prices. While the data do not reveal the underlying drivers, the shift in positioning points to heightened expectations for tighter supply, stronger demand, or both, as investors add to their exposure in the U.S. oil market.

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