CFTC COT — Managed Money
Net Long Position+212K contracts
Seasonal Pattern — Apr–Jun
Driving season demand
Memorial Day → Q3 build
Bullish
Refinery maintenance
Spring turnarounds
Near-term bearish
Hurricane season risk
Gulf of Mexico · Jun–Nov
Approaching
Key Upcoming Events
Apr 17 EIA Weekly Petroleum Report
Apr 18 CFTC Commitment of Traders
Apr 24 API Weekly Inventory
May 2025 OPEC+ Ministerial Meeting