Managed Money net +36,187 contracts in WTI-PHYSICAL, positions as of Tue 20 Oct 2026.
Data as of Positions as of Tue 20 Oct 2026; published Fri 23 Oct 2026
Positions as of Tue 20 Oct 2026 - published Fri 23 Oct 2026 (CFTC, Friday release)
Report family
Disaggregated
Basis
Futures only
Market
WTI-PHYSICAL - NEW YORK MERCANTILE EXCHANGE
CFTC contract code
067651
Contract unit
Contracts Of 1,000 Barrels
Open interest, contracts
1,835,144
Change in open interest, contracts
-65,035
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
625,697
266,129
-
+359,568
34.1
14.5
19.6
Swap Dealers
130,922
606,648
134,294
-475,726
7.1
33.1
-25.9
Managed Money
163,413
127,226
272,416
+36,187
8.9
6.9
2.0
Other Reportables
171,699
118,561
260,667
+53,138
9.4
6.5
2.9
Total reportable
1,759,108
1,785,941
-
-26,833
95.9
97.3
-1.5
Nonreportable
76,036
49,203
-
+26,833
4.1
2.7
1.5
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
+36,187
Week change
-4,387
4-week change
-65,641
13-week change
-27,792
Net as % of open interest
2.0%
Percentile, 1 year (52 weeks)
23
Percentile, 3 years (156 weeks)
13
Z-score, 52 weeks
-0.66
COT Index, 3 years
25
52-week high of net
+111,731
52-week low of net
-37,010
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
59
58
Swap Dealers
13
29
Managed Money
59
29
Other Reportables
62
38
Total reportable
271
229
Largest 4 traders, gross long
17.3%
Largest 4 traders, gross short
22.5%
Largest 8 traders, gross long
30.9%
Largest 8 traders, gross short
32.5%
Largest 4 traders, net long
12.0%
Largest 4 traders, net short
15.3%
Largest 8 traders, net long
20.2%
Largest 8 traders, net short
22.6%
Concentration is the share of open interest held by the largest traders, as published in the report.
Latest report, futures and options combined
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
661,904
292,949
-
+368,955
26.5
11.7
14.7
Swap Dealers
122,451
712,692
282,191
-590,241
4.9
28.5
-23.6
Managed Money
178,884
76,978
414,025
+101,906
7.1
3.1
4.1
Other Reportables
168,479
78,406
584,428
+90,073
6.7
3.1
3.6
Total reportable
2,412,362
2,441,669
-
-29,307
96.4
97.6
-1.2
Nonreportable
89,843
60,537
-
+29,306
3.6
2.4
1.2
The combined basis adds options converted to futures equivalents at exchange delta factors. The two bases are never mixed in one series; the history on this page is futures only.
Open interest by maturity split
All contract months, contracts
1,835,144
Old crop / nearest months, contracts
1,835,144
Other months, contracts
0
Recent reports, net by category
Report date
Open interest
Producer/Merchant/Processor/User
Swap Dealers
Managed Money
Other Reportables
Total reportable
Nonreportable
Tue 20 Oct 2026
1,835,144
+359,568
-475,726
+36,187
+53,138
-26,833
+26,833
Tue 13 Oct 2026
1,900,179
+353,143
-478,478
+40,574
+59,769
-24,992
+24,992
Tue 6 Oct 2026
1,889,422
+335,010
-461,468
+53,598
+45,462
-27,398
+27,398
Tue 29 Sep 2026
1,878,576
+319,539
-462,157
+79,592
+29,871
-33,155
+33,155
Tue 22 Sep 2026
1,841,811
+302,900
-472,789
+101,828
+39,278
-28,783
+28,783
Tue 15 Sep 2026
1,955,764
+307,409
-472,267
+106,279
+29,626
-28,953
+28,953
Tue 8 Sep 2026
1,939,911
+308,916
-475,101
+111,731
+24,848
-29,606
+29,606
Tue 1 Sep 2026
1,921,085
+309,402
-465,407
+94,281
+35,630
-26,094
+26,094
Tue 25 Aug 2026
1,906,740
+305,254
-461,500
+84,020
+39,429
-32,797
+32,797
Tue 18 Aug 2026
1,888,960
+315,517
-468,604
+87,479
+34,611
-30,997
+30,997
Spreading is calendar-spread positions. It prints as its own column and is not part of net. Percentile is the share of weeks in the window with a net at or below the current net. The COT Index places the current net within its 3-year range, 0 at the low and 100 at the high. Gauges print only when the window holds enough history. History is the series as currently published by the CFTC, including its corrections; first-release vintages are not kept. An extreme reading is a condition of crowding, not a buy or sell signal: speculative categories are trend followers and are usually largest near price extremes.
Source: CFTC Commitments of Traders, Disaggregated report, futures only unless stated. Positions as of Tue 20 Oct 2026, published Fri 23 Oct 2026.