According to the CFTC Commitments of Traders report for the week ended July 2, NET LENGTH for crude oil futures rose +14 007 contracts to 392 810 for the week. Speculative long positions jumped +16 239 contracts and shorts added +2 232 contracts. Crude oil prices continued recently ahead of OPEC+ meeting. Prices retreated after the deal to extend output cut towards 1Q19. For refined oil products, NET LENGTH for gasoline fell -3 720 contracts to 78 552, while NET SHORT for heating oil dropped -3 051 contracts to 9 284 for the week. NET SHORT for natural gas futures dropped -4 017 contracts to 159 145 contracts for the week.