According to the CFTC Commitments of Traders report for the week ended June 16, NET LENGTH for crude oil futures plunged -21 637 contracts to 546 272 for the week. Speculative long positions declined -26 451 contracts while shorts dropped -4 814 contracts. For refined oil products, NET LENGTH for gasoline added +2 531 contracts to 46 563, while NET LENGTH for heating oil futures gained +3 259 contracts to 6 678. Note that traders trimmed bets on both sides for crude oil and heating oil futures. NET SHORT for natural gas futures jumped +28 844 contracts to 68 711 contracts for the week.