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WTI MIDLAND ARGUS VS WTI TRADE

WTI MIDLAND ARGUS VS WTI TRADE · NEW YORK MERCANTILE EXCHANGE · CFTC code 067A71 · week ending 2026-10-06

Trader category
Range

Managed Money is net short 1.2% of open interest

Managed Money holds a net position of −5,260 contracts, or 1.2% of the 430,701 contracts of open interest, leaving the category net short. That is within the normal range of the last three years (z = +0.68 and sits at 77 on a 0–100 scale of its three-year range). In contracts, the net position moved +200 while open interest moved −17,609 — short covering, with the move coming from shorts closing out rather than new buyers arriving. As a share of open interest it still fell 0.00pp, because open interest grew faster than the position did.

Net position as a share of open interest

Managed Money · blue above the line is net long, red below is net short

Open interest

The denominator. Positioning shares mean little without knowing whether the market itself is growing or shrinking.

Z-score vs its own 3-year history

Shaded beyond ±2σ. Measures how unusual today's share is for this market.

COT Index (0–100)

Rank within the 3-year range. Shaded below 10 and above 90.

Weekly flow, adjusted for open interest

Change in the net share week over week, in percentage points of open interest.

Who is on the other side

Net share of open interest by trader group. The groups net to zero — every long is someone's short.

Producer / Merchant Swap Dealer Managed Money Other Reportable Non-Reportable
Recent weeks (table view)
Week Open interest Net Net % OI Δ pp Z COT Idx
2026-10-06 430,701 −5,260 -1.22% -0.00 0.68 77
2026-09-29 448,310 −5,460 -1.22% 0.08 0.68 77
2026-09-22 422,178 −5,460 -1.29% 0.25 0.64 75
2026-09-15 354,223 −5,460 -1.54% 0.12 0.50 71
2026-09-08 329,028 −5,460 -1.66% 0.09 0.43 69
2026-09-01 311,666 −5,460 -1.75% -0.06 0.37 68
2026-08-25 322,519 −5,460 -1.69% 0.00 0.40 69
2026-08-18 322,004 −5,460 -1.70% 0.04 0.40 69
2026-08-11 315,471 −5,460 -1.73% 0.07 0.38 68
2026-08-04 303,878 −5,460 -1.80% -0.11 0.34 67
2026-07-28 324,333 −5,460 -1.68% 0.09 0.41 69
2026-07-21 308,411 −5,460 -1.77% 0.03 0.36 67