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
The oil markets continue to see a bit of potential “base building” on Tuesday.
I just don't think there's a whole lot of momentum and belief in the oil markets are the moment, as we are trying to sort out post-war life.
The world is pricing in peace in the oil markets but also covering bets as we are heading into a three-day weekend.
| 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 |