The recent futures rally did not garner a significant increase in CTA net positions with the bullish momentum short-lived. Net positions peaked at -108k lots, which was lower than the previous peak of -74k lots on 16 Aug. Both increases began from -150k lots. For the individual products, RBOB futures is the most bearish at -32.9k lots, while WTI futures is the least bearish at -16.9k lots.
Click below to explore our weekly CFTC COT report.