Track how "Smart Money" institutions are positioning themselves in BRENT PHYS NYME (BP). By analyzing the latest Commitments of Traders (COT) data from the WTI-PHYSICAL - NEW YORK MERCANTILE EXCHANGE, with real-time price charts and sector comparisons, we provide a deep dive into the current market dynamics. Understanding these underlying shifts allows you to better anticipate where the market might be heading next.
About Brent Crude Oil
Brent Crude is the international benchmark for oil prices, originating from the North Sea. While WTI represents the US domestic benchmark, Brent is the reference price for approximately two-thirds of the world's internationally traded crude oil supply.
Primary Usage
Brent crude is refined into transportation fuels (gasoline, diesel, jet fuel) and serves as the pricing basis for oil produced in Europe, Africa, and the Middle East.
Market Dynamics & Key Drivers
WTI and Brent crude oil hold near their 50-day EMAs as Middle East uncertainty drives headline risk, with Brent maintaining support just above $85.
WTI and Brent crude oil hold key 200-day EMA support as Persian Gulf tensions keep prices range-bound, with Brent defending the critical $85 level.
Oil prices are extending their slide amid fragile hopes for Mideast diplomacy.
| Date | Position |
Net Position
Difference between Non-Commercial Long and Short
|
Non-Comm. Long
Speculators & funds betting on rising prices
|
Non-Comm. Short
Speculators & funds betting on falling prices
|
Comm. Long
Hedgers/producers hedging against rising prices
|
Comm. Short
Hedgers/producers hedging against falling prices
|
|---|---|---|---|---|---|---|
| Apr 07, 2026 | Bullish | 202,153 | 381,615 | 179,462 | 883,576 | 1,114,042 |
| Mar 31, 2026 | Bullish | 213,488 | 378,087 | 164,599 | 870,799 | 1,115,890 |
| Mar 24, 2026 | Bullish | 233,620 | 376,150 | 142,530 | 841,200 | 1,108,210 |
| Mar 17, 2026 | Bullish | 218,688 | 385,768 | 167,080 | 857,135 | 1,119,764 |
| Mar 10, 2026 | Bullish | 228,015 | 394,651 | 166,636 | 827,233 | 1,103,680 |