Brent Last Day (NYMEX)
NYMEX's cash-settled Brent futures line in CFTC's COT report, often wrongly read as ICE-listed.
Managed money flipped net long on Brent Last Day (NYMEX), code 06765T, in the week to 21 July: 15,665 long against 1,410 short, a net 14,255, the first print this cycle to confirm rather than fade the rally.
Last refreshed: 31 July 2026 · Appears in 1 active topic
Why does 'Brent Last Day' matter more than the wrong shorthand traders use?
Timeline for Brent Last Day (NYMEX)
Money went into WTI, not into Brent
European Oil MarketsMentioned in: First net long of the rally on 06765T
European Oil MarketsHeld a managed-money net short of 60,141 contracts for the week to 14 July
European Oil Markets: WTI net length falls to 19,783 lotsBackground
The Commodity Futures Trading Commission's disaggregated Commitments of Traders petroleum report carries only one Brent Crude line: 'Brent Last Day - New York MERCANTILE EXCHANGE', CFTC code 06765T, a cash-settled contract listed on NYMEX rather than on ICE Futures Europe.
This line is often, and wrongly, called 'ICE Brent', including in this desk's own coverage from Update 8 through Update 17; the error was corrected on 20 July 2026 (correction 34). ICE Futures Europe's own Brent contract is not covered by the CFTC's domestic report at all: ICE publishes its own Commitments of Traders data separately, and the two series cannot be merged into one continuous history.
The distinction matters beyond nomenclature: the two contracts sit under different exchange oversight and settle differently, so attributing NYMEX's weekly positioning data to ICE misstates which market is being described. Any citation of 'Brent' positioning drawn from the CFTC report should be read as this NYMEX-listed line, not the ICE contract that actually prices most internationally traded crude.
Funds turned net long on Brent
For the week to 21 July, managed money held 15,665 long contracts against 1,410 short on Brent Last Day (NYMEX), CFTC code 06765T, a net long of 14,255. That reversed the prior week's net short and was the first print this cycle to confirm the rally in crude prices rather than fade it.
The reversal followed a 17 July snapshot, itself already three days stale, that had shown this same contract holding a standalone net short of 60,141 lots. The scale of the swing, from a heavy net short to a clear net long inside one reporting week, is the sharpest positioning move this contract has logged this cycle.