29.05.202619:30:00UTC+00Speculators Trim Bullish Bets on U.S. Crude as Net Longs Edge Lower

Speculative positioning in U.S. crude oil futures eased in the latest reporting period, as net long positions declined, signaling a modest cooling in bullish sentiment toward the commodity.

According to the latest CFTC data updated on 29 May 2026, crude oil speculative net positions in the United States fell to 161.0K, down from the previous level of 172.6K. The reduction in net long exposure suggests that some market participants may be locking in profits or turning more cautious on the near-term outlook for oil prices.

While the shift is not dramatic, the move away from the recent higher net long readings could indicate growing uncertainty over demand prospects, supply dynamics, or broader macroeconomic conditions influencing energy markets. Traders will be watching subsequent CFTC releases closely for signs of whether this is the start of a more sustained repositioning in crude futures.