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Brent Last Day (NYMEX)
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Brent Last Day (NYMEX)

NYMEX's cash-settled Brent futures line in CFTC's COT report, often wrongly read as ICE-listed.

Last refreshed: 20 July 2026

Key Question

Why does 'Brent Last Day' matter more than the wrong shorthand traders use?

Timeline for Brent Last Day (NYMEX)

#18 16 Jul

Held 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 lots
View full timeline →

Background

The CFTC's disaggregated Commitments of Traders petroleum report carries only one Brent Crude line, titled 'Brent Last Day - NEW YORK MERCANTILE EXCHANGE', CFTC code 06765T, a cash-settled contract listed on NYMEX. For the week to 14 July 2026, released 17 July, managed money held a net short of 60,141 contracts on it, 13,141 long against 73,282 short.

This 06765T line is widely, and wrongly, called 'ICE Brent', including in this desk's own coverage from Update 8 through Update 17. ICE Futures Europe is a separate exchange whose Brent futures the CFTC's domestic report does not cover at all; ICE reports its own Commitments of Traders data separately, a different dataset we have not pulled.

The distinction matters because the two contracts sit under different exchange oversight and settle differently, so calling 06765T 'ICE Brent' attributes NYMEX's positioning data to ICE. Correction 34 logged the earlier error; this page exists to keep the two straight going forward.

Common Questions

Reference

Is the CFTC's Brent Last Day data the same series ICE publishes?
No. They are two separate datasets. ICE Futures Europe publishes its own Commitments of Traders report for its Brent contract, which this desk does not pull, and the two series cannot be merged into one continuous history.Source:
What is the Brent Last Day contract on the CFTC report?
It is NYMEX's cash-settled Brent futures line, CFTC code 06765T, the only Brent series in the CFTC's disaggregated Commitments of Traders petroleum report.Source: CFTC Commitments of Traders
Why does Lowdown no longer call this contract ICE Brent?
Because CFTC's report covers only the NYMEX-listed Brent Last Day line, CFTC code 06765T; ICE Futures Europe's own Brent contract is reported separately by ICE, so calling 06765T 'ICE Brent' misattributes whose positioning data is being described. Corrected as Lowdown correction 34.Source: Lowdown correction log
When did managed money last go net short on Brent Last Day?
In the week to 14 July 2026, released 17 July, when managed money held 13,141 long against 73,282 short, a net short of 60,141 contracts.Source: CFTC Commitments of Traders, 17 July 2026