For the week ending July 18, 2025, U.S. natural gas net long positions decreased by 11 billion cubic feet (54%), with net longs standing 8 bcf above the 2022-24 average but 74 bcf below the 2017-21 average. During the same period, Nymex natural gas prices rose by $0.21, or 6%, from $3.32 to $3.53 per million British thermal units. In crude oil markets, ICE Brent net long positions fell by 11 million barrels (5%), with long positions decreasing by 13 million barrels (4%) and short positions declining by 1 million barrels (1%). Brent futures prices dropped by $0.74, or 1%, from $69.78 to $69.05 per barrel. Combined Brent-WTI net long positions decreased by 21 million barrels (6%), while open interest fell by 183 million barrels (3%). Net long positions in Brent-WTI were 58% lower than the 2017-21 average and 36% lower than the 2022-24 average. Additional data indicates feeder cattle managed money net positions at +37,806 contracts. Aggregated open interest and options positioning data for Brent and WTI futures and options were also noted for the week ending July 22, 2025.