FX.co ★ Speculators Turn Up the Heat as CFTC Crude Oil Net Positions Surge to 65.6K

In a striking turn of events for the oil markets, the Commodity Futures Trading Commission (CFTC) reported a significant increase in crude oil speculative net positions. As of December 5, 2025, these positions leapt from the previous level of 39.8K to an impressive 65.6K, reflecting a growing bullish sentiment among traders.

The near doubling of net positions indicates heightened market speculation, likely driven by geopolitical tensions, supply disruptions, or shifts in global demand. This surge in speculative interest underscores the volatile nature of the crude oil market and highlights the broader economic uncertainties that investors are navigating as they seek to capitalize on fluctuations in oil prices.

Analysts suggest that such a substantial rise in net positions could influence price movements in the coming months, as speculators play an increasingly significant role in the market dynamics. This development is closely watched by industry stakeholders who are keen to assess its potential impact on oil prices, economic performance and global markets.