

Energy
As of Oct 6, 2026, commercial hedgers are net short at -126,458 contracts and added to their position by +16,160 week over week.
Commercial net
-126,458
Net short
Week over week
+16,160
Added
Large specs
+99,060
Retail
+27,398
Percentile
90th
Historic high
| Week | Commercial net | Large spec net | Retail net |
|---|---|---|---|
| Oct 6, 2026 | -126,458 | +99,060 | +27,398 |
| Sep 29, 2026 | -142,618 | +109,463 | +33,155 |
| Sep 22, 2026 | -169,889 | +141,106 | +28,783 |
| Sep 15, 2026 | -164,858 | +135,905 |
| Week | Commercial net | Large spec net |
|---|---|---|
| 2021-10-19 | -473181 | 429594 |
| 2021-10-26 | -472412 | 423718 |
| 2021-11-02 | -461516 | 419293 |
| 2021-11-09 | -461964 | 421312 |
| 2021-11-16 | -470324 | 415785 |
| 2021-11-23 | -454965 | 407657 |
| 2021-11-30 | -432885 | 387234 |
| 2021-12-07 | -400431 | 367232 |
| 2021-12-14 | -385527 | 347137 |
| 2021-12-21 | -375816 | 340255 |
| 2021-12-28 | -373092 | 338429 |
| 2022-01-04 | -369956 | 332825 |
| 2022-01-11 | -396940 | 360505 |
| 2022-01-18 | -427052 | 385781 |
| 2022-01-25 | -420646 | 373415 |
| 2022-02-01 | -414658 | 368904 |
| 2022-02-08 | -412144 | 363383 |
| 2022-02-15 | -392000 | 348093 |
| 2022-02-22 | -382891 | 339041 |
| 2022-03-01 | -410955 | 368663 |
| 2022-03-08 | -408809 | 361665 |
| 2022-03-15 | -382602 | 341815 |
| 2022-03-22 | -380080 | 339969 |
| 2022-03-29 | -360162 | 318731 |
| 2022-04-05 | -355435 | 308594 |
| 2022-04-12 | -350603 | 304778 |
| 2022-04-19 | -351252 | 307697 |
| 2022-04-26 | -358321 | 316063 |
| 2022-05-03 | -366213 | 321701 |
| 2022-05-10 | -354479 | 310803 |
| 2022-05-17 | -363869 | 325637 |
| 2022-05-24 | -374627 | 334761 |
| 2022-05-31 | -373761 | 332976 |
| 2022-06-07 | -369033 | 328256 |
| 2022-06-14 | -341654 | 302946 |
| 2022-06-21 | -323915 | 289502 |
| 2022-06-28 | -327938 | 299692 |
| 2022-07-05 | -304217 | 280523 |
| 2022-07-12 | -294526 | 268328 |
| 2022-07-19 | -293689 | 271091 |
| 2022-07-26 | -283489 | 259260 |
| 2022-08-02 | -272866 | 253752 |
| 2022-08-09 | -238073 | 210651 |
| 2022-08-16 | -239291 | 214940 |
| 2022-08-23 | -268256 | 246220 |
| 2022-08-30 | -256248 | 229189 |
| 2022-09-06 | -240417 | 214478 |
| 2022-09-13 | -244007 | 227057 |
| 2022-09-20 | -261568 | 239878 |
| 2022-09-27 | -246872 | 226080 |
| 2022-10-04 | -260854 | 241999 |
| 2022-10-11 | -283626 | 259220 |
| 2022-10-18 | -273757 | 251545 |
| 2022-10-25 | -268026 | 249079 |
| 2022-11-01 | -275761 | 254809 |
| 2022-11-08 | -301325 | 274790 |
| 2022-11-15 | -307395 | 278267 |
| 2022-11-22 | -276994 | 252475 |
| 2022-11-29 | -262654 | 239739 |
| 2022-12-06 | -259553 | 231720 |
| 2022-12-13 | -247747 | 229559 |
| 2022-12-20 | -256558 | 238191 |
| 2022-12-27 | -266554 | 247618 |
| 2023-01-03 | -249040 | 227607 |
| 2023-01-10 | -225502 | 205236 |
| 2023-01-17 | -255599 | 239218 |
| 2023-01-24 | -273246 | 249799 |
| 2023-01-31 | -266622 | 243820 |
| 2023-02-07 | -244548 | 224151 |
| 2023-02-14 | -247370 | 227541 |
| 2023-02-21 | -241297 | 219671 |
| 2023-02-28 | -231298 | 215314 |
| 2023-03-07 | -234489 | 206901 |
| 2023-03-14 | -212633 | 176219 |
| 2023-03-21 | -178904 | 154341 |
| 2023-03-28 | -191616 | 181069 |
| 2023-04-04 | -239970 | 226127 |
| 2023-04-11 | -255411 | 235632 |
| 2023-04-18 | -273247 | 244575 |
| 2023-04-25 | -271197 | 236438 |
| 2023-05-02 | -252905 | 214845 |
| 2023-05-09 | -239456 | 216628 |
| 2023-05-16 | -215612 | 191469 |
| 2023-05-23 | -217386 | 193119 |
| 2023-05-30 | -192877 | 162591 |
| 2023-06-06 | -198377 | 172442 |
| 2023-06-13 | -184272 | 155074 |
| 2023-06-20 | -189918 | 166477 |
| 2023-06-27 | -166658 | 138388 |
| 2023-07-03 | -170148 | 141429 |
| 2023-07-11 | -196688 | 173433 |
| 2023-07-18 | -233490 | 206099 |
| 2023-07-25 | -250976 | 225196 |
| 2023-08-01 | -267239 | 241859 |
| 2023-08-08 | -278338 | 255928 |
| 2023-08-15 | -270101 | 242108 |
| 2023-08-22 | -256341 | 234371 |
| 2023-08-29 | -260948 | 240905 |
| 2023-09-05 | -308997 | 299322 |
| 2023-09-12 | -348713 | 326871 |
| 2023-09-19 | -354835 | 328426 |
| 2023-09-26 | -375404 | 350055 |
| 2023-10-03 | -381946 | 349560 |
| 2023-10-10 | -363010 | 321974 |
| 2023-10-17 | -340550 | 306388 |
| 2023-10-24 | -340958 | 300765 |
| 2023-10-31 | -308767 | 262258 |
| 2023-11-07 | -276714 | 235970 |
| 2023-11-14 | -246762 | 215734 |
| 2023-11-21 | -230009 | 207324 |
| 2023-11-28 | -206779 | 183171 |
| 2023-12-05 | -194626 | 168990 |
| 2023-12-12 | -175326 | 151599 |
| 2023-12-19 | -195871 | 182743 |
| 2023-12-26 | -211098 | 199284 |
| 2024-01-02 | -182204 | 163729 |
| 2024-01-09 | -184627 | 169682 |
| 2024-01-16 | -178627 | 162034 |
| 2024-01-23 | -202468 | 184018 |
| 2024-01-30 | -219075 | 196664 |
| 2024-02-06 | -189183 | 161838 |
| 2024-02-13 | -191502 | 171072 |
| 2024-02-20 | -217474 | 191901 |
| 2024-02-27 | -248254 | 224790 |
| 2024-03-05 | -271655 | 238512 |
| 2024-03-12 | -265054 | 233788 |
| 2024-03-19 | -308403 | 277757 |
| 2024-03-26 | -315539 | 278027 |
| 2024-04-02 | -332521 | 300897 |
| 2024-04-09 | -337747 | 297137 |
| 2024-04-16 | -329084 | 290462 |
| 2024-04-23 | -307525 | 264836 |
| 2024-04-30 | -308743 | 265461 |
| 2024-05-07 | -261071 | 215444 |
| 2024-05-14 | -250961 | 203043 |
| 2024-05-21 | -266426 | 219300 |
| 2024-05-28 | -278874 | 243926 |
| 2024-06-04 | -253631 | 210705 |
| 2024-06-11 | -260177 | 233484 |
| 2024-06-18 | -274623 | 246849 |
| 2024-06-25 | -302669 | 271245 |
| 2024-07-02 | -311082 | 279946 |
| 2024-07-09 | -325437 | 283894 |
| 2024-07-16 | -325064 | 287601 |
| 2024-07-23 | -311450 | 275998 |
| 2024-07-30 | -278204 | 245493 |
| 2024-08-06 | -247414 | 222342 |
| 2024-08-13 | -259586 | 231543 |
| 2024-08-20 | -254073 | 222288 |
| 2024-08-27 | -250673 | 226699 |
| 2024-09-03 | -204506 | 177035 |
| 2024-09-10 | -163834 | 140014 |
| 2024-09-17 | -166110 | 145328 |
| 2024-09-24 | -174395 | 158597 |
| 2024-10-01 | -174604 | 159608 |
| 2024-10-08 | -213819 | 190637 |
| 2024-10-15 | -212413 | 184403 |
| 2024-10-22 | -196169 | 173731 |
| 2024-10-29 | -175687 | 151877 |
| 2024-11-05 | -211226 | 196088 |
| 2024-11-12 | -207577 | 186906 |
| 2024-11-19 | -202171 | 193865 |
| 2024-11-26 | -206608 | 200407 |
| 2024-12-03 | -211597 | 201464 |
| 2024-12-10 | -201510 | 190112 |
| 2024-12-17 | -237003 | 229990 |
| 2024-12-24 | -251386 | 247027 |
| 2024-12-31 | -256671 | 254324 |
| 2025-01-07 | -286130 | 279567 |
| 2025-01-14 | -317124 | 306291 |
| 2025-01-21 | -316596 | 298847 |
| 2025-01-28 | -290388 | 264126 |
| 2025-02-04 | -259576 | 230313 |
| 2025-02-11 | -244693 | 220004 |
| 2025-02-18 | -217426 | 197594 |
| 2025-02-25 | -194964 | 171198 |
| 2025-03-04 | -177980 | 154841 |
| 2025-03-11 | -178744 | 164126 |
| 2025-03-18 | -182228 | 166823 |
| 2025-03-25 | -190138 | 180558 |
| 2025-04-01 | -176710 | 167685 |
| 2025-04-08 | -148559 | 139595 |
| 2025-04-15 | -153715 | 146370 |
| 2025-04-22 | -173885 | 170955 |
| 2025-04-29 | -183492 | 177209 |
| 2025-05-06 | -180590 | 175428 |
| 2025-05-13 | -184838 | 185301 |
| 2025-05-20 | -186794 | 186420 |
| 2025-05-27 | -169107 | 165694 |
| 2025-06-03 | -174464 | 167957 |
| 2025-06-10 | -200671 | 191941 |
| 2025-06-17 | -259051 | 231048 |
| 2025-06-24 | -270542 | 232969 |
| 2025-07-01 | -263895 | 234693 |
| 2025-07-08 | -236620 | 209374 |
| 2025-07-15 | -188396 | 162427 |
| 2025-07-22 | -181856 | 153331 |
| 2025-07-29 | -179592 | 156023 |
| 2025-08-05 | -170558 | 141829 |
| 2025-08-12 | -142290 | 116742 |
| 2025-08-19 | -140554 | 120209 |
| 2025-08-26 | -130871 | 109472 |
| 2025-09-02 | -121395 | 102428 |
| 2025-09-09 | -102155 | 81844 |
| 2025-09-16 | -114749 | 98709 |
| 2025-09-23 | -118600 | 102958 |
| 2025-09-30 | -133096 | 103300 |
| 2025-10-07 | -98056 | 74309 |
| 2025-10-14 | -81380 | 60991 |
| 2025-10-21 | -55056 | 39800 |
| 2025-10-28 | -77717 | 65601 |
| 2025-11-04 | -84426 | 74907 |
| 2025-11-10 | -71884 | 60384 |
| 2025-11-18 | -80301 | 69176 |
| 2025-11-25 | -65188 | 55017 |
| 2025-12-02 | -61260 | 51037 |
| 2025-12-09 | -78497 | 58433 |
| 2025-12-16 | -72572 | 54896 |
| 2025-12-23 | -68184 | 64898 |
| 2025-12-30 | -70253 | 64591 |
| 2026-01-06 | -70766 | 57352 |
| 2026-01-13 | -65450 | 58128 |
| 2026-01-20 | -97047 | 78792 |
| 2026-01-27 | -115048 | 96982 |
| 2026-02-03 | -152499 | 124565 |
| 2026-02-10 | -155866 | 117814 |
| 2026-02-17 | -181629 | 141343 |
| 2026-02-24 | -216783 | 172712 |
| 2026-03-03 | -222327 | 172150 |
| 2026-03-10 | -276447 | 228015 |
| 2026-03-17 | -262629 | 218688 |
| 2026-03-24 | -267010 | 233620 |
| 2026-03-31 | -245091 | 213488 |
| 2026-04-07 | -230466 | 202153 |
| 2026-04-14 | -246935 | 206541 |
| 2026-04-21 | -226711 | 192302 |
| 2026-04-28 | -219654 | 191911 |
| 2026-05-05 | -206150 | 178786 |
| 2026-05-12 | -196134 | 169877 |
| 2026-05-19 | -200409 | 172580 |
| 2026-05-26 | -195473 | 160998 |
| 2026-06-02 | -188109 | 155874 |
| 2026-06-09 | -170726 | 130301 |
| 2026-06-16 | -165339 | 124483 |
| 2026-06-23 | -152606 | 114633 |
| 2026-06-30 | -140148 | 110531 |
| 2026-07-07 | -104622 | 75749 |
| 2026-07-14 | -85088 | 62683 |
| 2026-07-21 | -108601 | 81689 |
| 2026-07-28 | -158822 | 120108 |
| 2026-08-04 | -153775 | 112443 |
| 2026-08-11 | -129637 | 99196 |
| 2026-08-18 | -153087 | 122090 |
| 2026-08-25 | -156246 | 123449 |
| 2026-09-01 | -156005 | 129911 |
| 2026-09-08 | -166185 | 136579 |
| 2026-09-15 | -164858 | 135905 |
| 2026-09-22 | -169889 | 141106 |
| 2026-09-29 | -142618 | 109463 |
| 2026-10-06 | -126458 | 99060 |
The latest commercial net sits in the 90th percentile of everything this market has printed since Oct 19, 2021.
| Index | Value |
|---|---|
| 1 | -473181 |
| 2 | -472412 |
| 3 | -461516 |
| 4 | -461964 |
| 5 | -470324 |
| 6 | -454965 |
| 7 | -432885 |
| 8 | -400431 |
| 9 | -385527 |
| 10 | -375816 |
| 11 | -373092 |
| 12 | -369956 |
| 13 | -396940 |
| 14 | -427052 |
| 15 | -420646 |
| 16 | -414658 |
| 17 | -412144 |
| 18 | -392000 |
| 19 | -382891 |
| 20 | -410955 |
| 21 | -408809 |
| 22 | -382602 |
| 23 | -380080 |
| 24 | -360162 |
| 25 | -355435 |
| 26 | -350603 |
| 27 | -351252 |
| 28 | -358321 |
| 29 | -366213 |
| 30 | -354479 |
| 31 | -363869 |
| 32 | -374627 |
| 33 | -373761 |
| 34 | -369033 |
| 35 | -341654 |
| 36 | -323915 |
| 37 | -327938 |
| 38 | -304217 |
| 39 | -294526 |
| 40 | -293689 |
| 41 | -283489 |
| 42 | -272866 |
| 43 | -238073 |
| 44 | -239291 |
| 45 | -268256 |
| 46 | -256248 |
| 47 | -240417 |
| 48 | -244007 |
| 49 | -261568 |
| 50 | -246872 |
| 51 | -260854 |
| 52 | -283626 |
| +28,953 |
| Sep 8, 2026 | -166,185 | +136,579 | +29,606 |
| Sep 1, 2026 | -156,005 | +129,911 | +26,094 |
| Aug 25, 2026 | -156,246 | +123,449 | +32,797 |
| Aug 18, 2026 | -153,087 | +122,090 | +30,997 |
| Aug 11, 2026 | -129,637 | +99,196 | +30,441 |
| Aug 4, 2026 | -153,775 | +112,443 | +41,332 |
| Jul 28, 2026 | -158,822 | +120,108 | +38,714 |
| Jul 21, 2026 | -108,601 | +81,689 | +26,912 |
| 53 | -273757 |
|---|
| 54 | -268026 |
|---|
| 55 | -275761 |
|---|
| 56 | -301325 |
|---|
| 57 | -307395 |
|---|
| 58 | -276994 |
|---|
| 59 | -262654 |
|---|
| 60 | -259553 |
|---|
| 61 | -247747 |
|---|
| 62 | -256558 |
|---|
| 63 | -266554 |
|---|
| 64 | -249040 |
|---|
| 65 | -225502 |
|---|
| 66 | -255599 |
|---|
| 67 | -273246 |
|---|
| 68 | -266622 |
|---|
| 69 | -244548 |
|---|
| 70 | -247370 |
|---|
| 71 | -241297 |
|---|
| 72 | -231298 |
|---|
| 73 | -234489 |
|---|
| 74 | -212633 |
|---|
| 75 | -178904 |
|---|
| 76 | -191616 |
|---|
| 77 | -239970 |
|---|
| 78 | -255411 |
|---|
| 79 | -273247 |
|---|
| 80 | -271197 |
|---|
| 81 | -252905 |
|---|
| 82 | -239456 |
|---|
| 83 | -215612 |
|---|
| 84 | -217386 |
|---|
| 85 | -192877 |
|---|
| 86 | -198377 |
|---|
| 87 | -184272 |
|---|
| 88 | -189918 |
|---|
| 89 | -166658 |
|---|
| 90 | -170148 |
|---|
| 91 | -196688 |
|---|
| 92 | -233490 |
|---|
| 93 | -250976 |
|---|
| 94 | -267239 |
|---|
| 95 | -278338 |
|---|
| 96 | -270101 |
|---|
| 97 | -256341 |
|---|
| 98 | -260948 |
|---|
| 99 | -308997 |
|---|
| 100 | -348713 |
|---|
| 101 | -354835 |
|---|
| 102 | -375404 |
|---|
| 103 | -381946 |
|---|
| 104 | -363010 |
|---|
| 105 | -340550 |
|---|
| 106 | -340958 |
|---|
| 107 | -308767 |
|---|
| 108 | -276714 |
|---|
| 109 | -246762 |
|---|
| 110 | -230009 |
|---|
| 111 | -206779 |
|---|
| 112 | -194626 |
|---|
| 113 | -175326 |
|---|
| 114 | -195871 |
|---|
| 115 | -211098 |
|---|
| 116 | -182204 |
|---|
| 117 | -184627 |
|---|
| 118 | -178627 |
|---|
| 119 | -202468 |
|---|
| 120 | -219075 |
|---|
| 121 | -189183 |
|---|
| 122 | -191502 |
|---|
| 123 | -217474 |
|---|
| 124 | -248254 |
|---|
| 125 | -271655 |
|---|
| 126 | -265054 |
|---|
| 127 | -308403 |
|---|
| 128 | -315539 |
|---|
| 129 | -332521 |
|---|
| 130 | -337747 |
|---|
| 131 | -329084 |
|---|
| 132 | -307525 |
|---|
| 133 | -308743 |
|---|
| 134 | -261071 |
|---|
| 135 | -250961 |
|---|
| 136 | -266426 |
|---|
| 137 | -278874 |
|---|
| 138 | -253631 |
|---|
| 139 | -260177 |
|---|
| 140 | -274623 |
|---|
| 141 | -302669 |
|---|
| 142 | -311082 |
|---|
| 143 | -325437 |
|---|
| 144 | -325064 |
|---|
| 145 | -311450 |
|---|
| 146 | -278204 |
|---|
| 147 | -247414 |
|---|
| 148 | -259586 |
|---|
| 149 | -254073 |
|---|
| 150 | -250673 |
|---|
| 151 | -204506 |
|---|
| 152 | -163834 |
|---|
| 153 | -166110 |
|---|
| 154 | -174395 |
|---|
| 155 | -174604 |
|---|
| 156 | -213819 |
|---|
| 157 | -212413 |
|---|
| 158 | -196169 |
|---|
| 159 | -175687 |
|---|
| 160 | -211226 |
|---|
| 161 | -207577 |
|---|
| 162 | -202171 |
|---|
| 163 | -206608 |
|---|
| 164 | -211597 |
|---|
| 165 | -201510 |
|---|
| 166 | -237003 |
|---|
| 167 | -251386 |
|---|
| 168 | -256671 |
|---|
| 169 | -286130 |
|---|
| 170 | -317124 |
|---|
| 171 | -316596 |
|---|
| 172 | -290388 |
|---|
| 173 | -259576 |
|---|
| 174 | -244693 |
|---|
| 175 | -217426 |
|---|
| 176 | -194964 |
|---|
| 177 | -177980 |
|---|
| 178 | -178744 |
|---|
| 179 | -182228 |
|---|
| 180 | -190138 |
|---|
| 181 | -176710 |
|---|
| 182 | -148559 |
|---|
| 183 | -153715 |
|---|
| 184 | -173885 |
|---|
| 185 | -183492 |
|---|
| 186 | -180590 |
|---|
| 187 | -184838 |
|---|
| 188 | -186794 |
|---|
| 189 | -169107 |
|---|
| 190 | -174464 |
|---|
| 191 | -200671 |
|---|
| 192 | -259051 |
|---|
| 193 | -270542 |
|---|
| 194 | -263895 |
|---|
| 195 | -236620 |
|---|
| 196 | -188396 |
|---|
| 197 | -181856 |
|---|
| 198 | -179592 |
|---|
| 199 | -170558 |
|---|
| 200 | -142290 |
|---|
| 201 | -140554 |
|---|
| 202 | -130871 |
|---|
| 203 | -121395 |
|---|
| 204 | -102155 |
|---|
| 205 | -114749 |
|---|
| 206 | -118600 |
|---|
| 207 | -133096 |
|---|
| 208 | -98056 |
|---|
| 209 | -81380 |
|---|
| 210 | -55056 |
|---|
| 211 | -77717 |
|---|
| 212 | -84426 |
|---|
| 213 | -71884 |
|---|
| 214 | -80301 |
|---|
| 215 | -65188 |
|---|
| 216 | -61260 |
|---|
| 217 | -78497 |
|---|
| 218 | -72572 |
|---|
| 219 | -68184 |
|---|
| 220 | -70253 |
|---|
| 221 | -70766 |
|---|
| 222 | -65450 |
|---|
| 223 | -97047 |
|---|
| 224 | -115048 |
|---|
| 225 | -152499 |
|---|
| 226 | -155866 |
|---|
| 227 | -181629 |
|---|
| 228 | -216783 |
|---|
| 229 | -222327 |
|---|
| 230 | -276447 |
|---|
| 231 | -262629 |
|---|
| 232 | -267010 |
|---|
| 233 | -245091 |
|---|
| 234 | -230466 |
|---|
| 235 | -246935 |
|---|
| 236 | -226711 |
|---|
| 237 | -219654 |
|---|
| 238 | -206150 |
|---|
| 239 | -196134 |
|---|
| 240 | -200409 |
|---|
| 241 | -195473 |
|---|
| 242 | -188109 |
|---|
| 243 | -170726 |
|---|
| 244 | -165339 |
|---|
| 245 | -152606 |
|---|
| 246 | -140148 |
|---|
| 247 | -104622 |
|---|
| 248 | -85088 |
|---|
| 249 | -108601 |
|---|
| 250 | -158822 |
|---|
| 251 | -153775 |
|---|
| 252 | -129637 |
|---|
| 253 | -153087 |
|---|
| 254 | -156246 |
|---|
| 255 | -156005 |
|---|
| 256 | -166185 |
|---|
| 257 | -164858 |
|---|
| 258 | -169889 |
|---|
| 259 | -142618 |
|---|
| 260 | -126458 |
|---|