Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NAT GAS ICE LD1 - ICE FUTURES ENERGY DIV 2500 MMBtus : CFTC Code #023391 Open Interest is 8,202,205 : : Positions : :3,953,227 2,240,250 685,472 3,635,980 254,064 1,127,696 49,824 1,277,930 276,286 148,320 523,229 : : : : Changes from: November 18, 2025 : : -69,007 18,072 875 -38,851 10,322 16,460 4,153 34,064 28,175 8,321 -21,668 : : : : Percent of Open Interest Represented by Each Category of Trader : : 48.2 27.3 8.4 44.3 3.1 13.7 0.6 15.6 3.4 1.8 6.4 : : : : Number of Traders in Each Category Total Traders: 282 : : 143 101 18 22 24 23 7 26 30 30 42 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NAT GAS ICE PEN - ICE FUTURES ENERGY DIV 2500 mmbtu : CFTC Code #023392 Open Interest is 3,056,085 : : Positions : : 410,661 445,648 11,708 90,287 990,527 33,261 93,775 760,964 176,214 2,327 670,717 : : : : Changes from: November 18, 2025 : : -42,626 -49,206 -7,828 386 -89,525 -10,951 32,245 -107,262 21,916 -22,977 -118,833 : : : : Percent of Open Interest Represented by Each Category of Trader : : 13.4 14.6 0.4 3.0 32.4 1.1 3.1 24.9 5.8 0.1 21.9 : : : : Number of Traders in Each Category Total Traders: 100 : : 36 35 9 10 19 6 12 17 19 5 23 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- SOCAL BORDER FIN BASIS - ICE FUTURES ENERGY DIV (Contracts of 2,500 MMBTU'S) : CFTC Code #023393 Open Interest is 297,686 : : Positions : : 114,121 233,489 64,899 37,142 7,419 95,020 3,151 741 572 3,605 580 : : : : Changes from: November 18, 2025 : : 295 2,569 2,043 567 461 735 527 121 -56 344 -3 : : : : Percent of Open Interest Represented by Each Category of Trader : : 38.3 78.4 21.8 12.5 2.5 31.9 1.1 0.2 0.2 1.2 0.2 : : : : Number of Traders in Each Category Total Traders: 44 : : 21 23 4 4 6 . . . . 4 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PG&E CITYGATE FIN BASIS - ICE FUTURES ENERGY DIV (Contracts of 2,500 MMBTU'S) : CFTC Code #023394 Open Interest is 138,661 : : Positions : : 105,559 99,562 11,226 27,802 2,278 0 2,182 1,623 2,119 723 50 : : : : Changes from: November 18, 2025 : : 5,173 3,244 -184 703 31 -459 512 -274 -62 -32 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 76.1 71.8 8.1 20.1 1.6 0.0 1.6 1.2 1.5 0.5 0.0 : : : : Number of Traders in Each Category Total Traders: 42 : : 25 22 4 . 5 0 . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NWP ROCKIES FIN BASIS - ICE FUTURES ENERGY DIV (Contracts of 2,500 MMBTU'S) : CFTC Code #023395 Open Interest is 357,286 : : Positions : : 236,544 219,219 71,443 84,155 17,633 7,706 6,605 9,422 710 5,142 1,022 : : : : Changes from: November 18, 2025 : : 171 4,567 782 1,596 -1,345 1,986 -6,345 1,699 -189 -124 166 : : : : Percent of Open Interest Represented by Each Category of Trader : : 66.2 61.4 20.0 23.6 4.9 2.2 1.8 2.6 0.2 1.4 0.3 : : : : Number of Traders in Each Category Total Traders: 59 : : 25 28 8 8 11 5 . 5 . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- AECO FIN BASIS - ICE FUTURES ENERGY DIV (Contracts of 2,500 MMBTU'S) : CFTC Code #023396 Open Interest is 1,004,794 : : Positions : : 879,312 199,431 43,391 759,730 24,788 10,670 4,898 8,047 20,432 3,204 2,894 : : : : Changes from: November 18, 2025 : : 23,947 -4,838 970 31,155 -2,599 278 299 871 641 287 1,707 : : : : Percent of Open Interest Represented by Each Category of Trader : : 87.5 19.8 4.3 75.6 2.5 1.1 0.5 0.8 2.0 0.3 0.3 : : : : Number of Traders in Each Category Total Traders: 56 : : 34 21 4 9 9 4 . 5 . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- CHICAGO FIN BASIS - ICE FUTURES ENERGY DIV (Contracts of 2,500 MMBTU'S) : CFTC Code #023397 Open Interest is 356,919 : : Positions : : 267,374 298,914 59,650 3,307 6,908 4,826 33,822 4,751 4,739 2,307 2,368 : : : : Changes from: November 18, 2025 : : 10,600 2,737 755 516 -1,409 217 6,612 -310 1,316 1,346 1,239 : : : : Percent of Open Interest Represented by Each Category of Trader : : 74.9 83.7 16.7 0.9 1.9 1.4 9.5 1.3 1.3 0.6 0.7 : : : : Number of Traders in Each Category Total Traders: 65 : : 35 27 7 . 5 5 . 4 . 5 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- HSC FIN BASIS - ICE FUTURES ENERGY DIV (Contracts of 2,500 MMBTU'S) : CFTC Code #023398 Open Interest is 826,395 : : Positions : : 518,419 470,875 233,544 124,535 39,168 5,121 152,680 11,798 1,170 14,456 10,671 : : : : Changes from: November 18, 2025 : : 18,207 15,761 4,052 4,664 3,886 -336 6,047 -71 655 -3,379 4,011 : : : : Percent of Open Interest Represented by Each Category of Trader : : 62.7 57.0 28.3 15.1 4.7 0.6 18.5 1.4 0.1 1.7 1.3 : : : : Number of Traders in Each Category Total Traders: 96 : : 39 42 10 10 11 . 8 7 4 8 6 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- WAHA FIN BASIS - ICE FUTURES ENERGY DIV (Contracts of 2,500 MMBTU'S) : CFTC Code #023399 Open Interest is 717,071 : : Positions : : 635,605 215,516 38,046 412,523 18,520 0 34,069 10,946 0 14,724 1,966 : : : : Changes from: November 18, 2025 : : 28,817 3,437 -2,110 11,560 1,258 0 1,694 124 0 9,512 394 : : : : Percent of Open Interest Represented by Each Category of Trader : : 88.6 30.1 5.3 57.5 2.6 0.0 4.8 1.5 0.0 2.1 0.3 : : : : Number of Traders in Each Category Total Traders: 67 : : 39 23 4 12 9 0 6 5 0 6 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ALGONQUIN CITYGATES BASIS - ICE FUTURES ENERGY DIV 2500 mmbtu : CFTC Code #02339E Open Interest is 123,740 : : Positions : : 90,739 107,455 22,486 0 1,437 620 4,667 28 0 2,926 0 : : : : Changes from: November 18, 2025 : : 538 1,208 -87 0 0 0 0 0 -354 0 -214 : : : : Percent of Open Interest Represented by Each Category of Trader : : 73.3 86.8 18.2 0.0 1.2 0.5 3.8 0.0 0.0 2.4 0.0 : : : : Number of Traders in Each Category Total Traders: 26 : : 12 13 5 0 . . . . 0 . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- CG-MAINLINE FINANCIAL INDEX - ICE FUTURES ENERGY DIV Any multiple of 2,500 MMBtus : CFTC Code #02339P Open Interest is 43,785 : : Positions : : 41,060 37,149 0 1,676 60 240 3,381 60 620 0 0 : : : : Changes from: November 18, 2025 : : . . . . . . . . . . . : : : : Percent of Open Interest Represented by Each Category of Trader : : 93.8 84.8 0.0 3.8 0.1 0.5 7.7 0.1 1.4 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 24 : : 12 10 0 . . . . . . 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- CHICAGO CITYGATE (INDEX) - ICE FUTURES ENERGY DIV 2500 mmbtu : CFTC Code #02339Q Open Interest is 106,256 : : Positions : : 67,409 77,825 26,197 6,992 1,812 3,419 14,673 2,356 1,493 799 758 : : : : Changes from: November 18, 2025 : : 4,599 6,247 2,260 93 -93 1,240 310 -496 465 157 308 : : : : Percent of Open Interest Represented by Each Category of Trader : : 63.4 73.2 24.7 6.6 1.7 3.2 13.8 2.2 1.4 0.8 0.7 : : : : Number of Traders in Each Category Total Traders: 54 : : 21 24 8 . . . . . . 4 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- CIG ROCKIES FINANCIAL INDEX - ICE FUTURES ENERGY DIV 2,500 MMBtu : CFTC Code #02339S Open Interest is 41,074 : : Positions : : 28,368 13,791 8,917 0 0 1,107 22,415 0 0 4,197 0 : : : : Changes from: November 18, 2025 : : 3,416 1,054 496 0 0 0 1,855 0 0 1,206 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 69.1 33.6 21.7 0.0 0.0 2.7 54.6 0.0 0.0 10.2 0.0 : : : : Number of Traders in Each Category Total Traders: 28 : : 15 9 . 0 0 . . 0 0 4 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- CIG ROCKIES BASIS - ICE FUTURES ENERGY DIV 2500 mmbtu : CFTC Code #02339U Open Interest is 460,898 : : Positions : : 420,624 67,493 8,199 212,052 12,767 0 143,784 5,425 317 5,152 1,902 : : : : Changes from: November 18, 2025 : : 11,304 -1,586 278 5,474 -361 0 4,921 1,439 -52 546 -37 : : : : Percent of Open Interest Represented by Each Category of Trader : : 91.3 14.6 1.8 46.0 2.8 0.0 31.2 1.2 0.1 1.1 0.4 : : : : Number of Traders in Each Category Total Traders: 54 : : 27 24 . 10 4 0 6 4 . 4 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- TCO Basis - ICE FUTURES ENERGY DIV 2500 mm btu : CFTC Code #02339W Open Interest is 214,126 : : Positions : : 190,444 26,188 7,347 163,947 9,362 0 1,957 0 0 2,230 376 : : : : Changes from: November 18, 2025 : : 624 685 582 214 -491 -172 0 -403 0 186 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 88.9 12.2 3.4 76.6 4.4 0.0 0.9 0.0 0.0 1.0 0.2 : : : : Number of Traders in Each Category Total Traders: 40 : : 20 10 . 10 4 0 . 0 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- CG Mainline Basis - ICE FUTURES ENERGY DIV 2500 mmbtu : CFTC Code #02339Y Open Interest is 340,499 : : Positions : : 322,475 200,988 1,760 92,910 5,611 7,098 33,602 180 1,210 0 0 : : : : Changes from: November 18, 2025 : : 17,464 6,301 180 -32 -211 143 10,615 60 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 94.7 59.0 0.5 27.3 1.6 2.1 9.9 0.1 0.4 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 51 : : 20 19 . 9 4 . 6 . . 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- DOMINION - SOUTH POINT - ICE FUTURES ENERGY DIV 2500 mmbtu : CFTC Code #0233A2 Open Interest is 91,121 : : Positions : : 30,512 85,071 34,420 0 730 22,382 219 240 600 1,182 960 : : : : Changes from: November 18, 2025 : : 3,475 9,256 3,007 0 -62 3,128 0 0 -368 562 120 : : : : Percent of Open Interest Represented by Each Category of Trader : : 33.5 93.4 37.8 0.0 0.8 24.6 0.2 0.3 0.7 1.3 1.1 : : : : Number of Traders in Each Category Total Traders: 54 : : 26 27 7 0 . 5 . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- DOMINION - SOUTH POINT (BASIS) - ICE FUTURES ENERGY DIV 2500 mmbtu : CFTC Code #0233A3 Open Interest is 810,776 : : Positions : : 688,652 270,772 27,771 381,554 53,275 5,252 68,749 8,385 2,565 11,604 8,381 : : : : Changes from: November 18, 2025 : : 352 7,282 372 -14,028 6,147 281 5,233 207 -1,195 1,135 566 : : : : Percent of Open Interest Represented by Each Category of Trader : : 84.9 33.4 3.4 47.1 6.6 0.6 8.5 1.0 0.3 1.4 1.0 : : : : Number of Traders in Each Category Total Traders: 87 : : 43 31 . 18 11 5 10 7 . 6 5 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- EP SAN JUAN BASIS - ICE FUTURES ENERGY DIV 2500 mmbtu : CFTC Code #0233A8 Open Interest is 270,217 : : Positions : : 106,321 200,369 58,827 44,723 17,092 80,956 0 0 695 0 84 : : : : Changes from: November 18, 2025 : : -815 2,179 735 -1,681 980 -1,246 0 0 158 0 31 : : : : Percent of Open Interest Represented by Each Category of Trader : : 39.3 74.2 21.8 16.6 6.3 30.0 0.0 0.0 0.3 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 29 : : 14 11 5 4 4 . 0 0 . 0 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- HENRY HUB BASIS - ICE FUTURES ENERGY DIV 2500 mmbtu : CFTC Code #0233AG Open Interest is 150,712 : : Positions : : 57,532 108,149 54,045 13,775 1,435 27,481 15,331 428 8,582 9,762 0 : : : : Changes from: November 18, 2025 : : 32,852 17,528 -3,627 1,325 527 6,631 14,550 0 5,766 7,257 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 38.2 71.8 35.9 9.1 1.0 18.2 10.2 0.3 5.7 6.5 0.0 : : : : Number of Traders in Each Category Total Traders: 79 : : 27 30 6 6 . . 7 . . 6 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- HENRY HUB INDEX - ICE FUTURES ENERGY DIV 2500 mmbtu : CFTC Code #0233AH Open Interest is 187,327 : : Positions : : 97,425 115,666 34,313 8,401 780 34,102 29,909 10,228 8,689 19,331 733 : : : : Changes from: November 18, 2025 : : 34,559 19,325 -588 3,348 -279 4,215 12,165 3,938 6,238 8,100 -472 : : : : Percent of Open Interest Represented by Each Category of Trader : : 52.0 61.7 18.3 4.5 0.4 18.2 16.0 5.5 4.6 10.3 0.4 : : : : Number of Traders in Each Category Total Traders: 97 : : 44 40 7 5 . 6 6 6 . 9 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- HOUSTON SHIP CHANNEL (INDEX) - ICE FUTURES ENERGY DIV 2500 mmbtu : CFTC Code #0233AM Open Interest is 548,640 : : Positions : : 215,617 349,306 328,012 0 697 82 163,025 243 734 32,881 62 : : : : Changes from: November 18, 2025 : : 7,559 13,254 10,618 0 -279 0 2,767 0 434 2,956 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 39.3 63.7 59.8 0.0 0.1 0.0 29.7 0.0 0.1 6.0 0.0 : : : : Number of Traders in Each Category Total Traders: 73 : : 27 36 10 0 . . 6 . . 7 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- MICHCON FINANCIAL INDEX - ICE FUTURES ENERGY DIV MMBTU : CFTC Code #0233AN Open Interest is 36,311 : : Positions : : 26,615 24,069 6,117 310 0 420 11,074 0 1,073 0 0 : : : : Changes from: November 18, 2025 : : 1,708 372 899 310 -62 0 2,604 0 899 0 -186 : : : : Percent of Open Interest Represented by Each Category of Trader : : 73.3 66.3 16.8 0.9 0.0 1.2 30.5 0.0 3.0 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 34 : : 16 17 . . 0 . . 0 . 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- MICHCON BASIS - ICE FUTURES ENERGY DIV 2500 mmbtu : CFTC Code #0233AQ Open Interest is 210,332 : : Positions : : 188,643 93,486 2,588 46,746 6,067 2,910 49,270 403 1,006 1,950 2,646 : : : : Changes from: November 18, 2025 : : 3,099 -1,080 -93 -600 287 0 2,127 -62 -1,562 186 553 : : : : Percent of Open Interest Represented by Each Category of Trader : : 89.7 44.4 1.2 22.2 2.9 1.4 23.4 0.2 0.5 0.9 1.3 : : : : Number of Traders in Each Category Total Traders: 59 : : 34 32 . 7 6 . 5 . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NAT GAS LD1 for GDD -TEXOK - ICE FUTURES ENERGY DIV 2500 mmbtu : CFTC Code #0233AT Open Interest is 163,129 : : Positions : : 148,707 146,822 2,448 5,675 900 9,166 4,255 959 0 1,841 0 : : : : Changes from: November 18, 2025 : : 5,494 4,619 1,240 -31 0 31 2,815 959 0 1,271 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 91.2 90.0 1.5 3.5 0.6 5.6 2.6 0.6 0.0 1.1 0.0 : : : : Number of Traders in Each Category Total Traders: 48 : : 23 24 . . . . . . 0 . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ALGONQUIN CITYGATES INDEX - ICE FUTURES ENERGY DIV mmbtu : CFTC Code #0233AW Open Interest is 29,038 : : Positions : : 19,272 24,964 6,203 1,874 0 525 0 330 0 801 0 : : : : Changes from: November 18, 2025 : : . . . . . . . . . . . : : : : Percent of Open Interest Represented by Each Category of Trader : : 66.4 86.0 21.4 6.5 0.0 1.8 0.0 1.1 0.0 2.8 0.0 : : : : Number of Traders in Each Category Total Traders: 23 : : 8 14 . . 0 . 0 . 0 . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NGPL MIDCONT BASIS - ICE FUTURES ENERGY DIV 2500 mmbtu : CFTC Code #0233AY Open Interest is 87,420 : : Positions : : 73,472 65,661 121 6,763 3,323 0 0 0 0 0 0 : : : : Changes from: November 18, 2025 : : -62 458 121 -3 93 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 84.0 75.1 0.1 7.7 3.8 0.0 0.0 0.0 0.0 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 22 : : 11 13 . . . 0 0 0 0 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NGPL TXOK BASIS - ICE FUTURES ENERGY DIV 2500 mmbtu : CFTC Code #0233B1 Open Interest is 471,773 : : Positions : : 433,099 265,023 8,754 122,199 15,650 0 56,623 1,571 5,335 2,578 1,257 : : : : Changes from: November 18, 2025 : : 13,058 18,207 124 -7,551 2,424 0 1,510 1,334 -20 726 -5 : : : : Percent of Open Interest Represented by Each Category of Trader : : 91.8 56.2 1.9 25.9 3.3 0.0 12.0 0.3 1.1 0.5 0.3 : : : : Number of Traders in Each Category Total Traders: 73 : : 37 28 . 13 8 0 9 . . 4 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NNG VENTURA FINANCIAL INDEX - ICE FUTURES ENERGY DIV mmbtu : CFTC Code #0233B7 Open Interest is 14,856 : : Positions : : 10,149 14,403 2,822 0 0 992 0 0 0 0 0 : : : : Changes from: November 18, 2025 : : . . . . . . . . . . . : : : : Percent of Open Interest Represented by Each Category of Trader : : 68.3 97.0 19.0 0.0 0.0 6.7 0.0 0.0 0.0 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 20 : : 10 9 4 0 0 . 0 0 0 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NNG VENTURA BASIS - ICE FUTURES ENERGY DIV 2500 mmbtu : CFTC Code #0233BB Open Interest is 129,131 : : Positions : : 66,976 120,064 39,781 1,713 1,863 3,698 0 642 0 825 121 : : : : Changes from: November 18, 2025 : : 1,389 4,507 -90 -217 31 589 0 0 0 825 121 : : : : Percent of Open Interest Represented by Each Category of Trader : : 51.9 93.0 30.8 1.3 1.4 2.9 0.0 0.5 0.0 0.6 0.1 : : : : Number of Traders in Each Category Total Traders: 37 : : 20 18 7 . 4 . 0 . 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NWP Rockies Index - ICE FUTURES ENERGY DIV 2500 mmbtu : CFTC Code #0233BD Open Interest is 25,469 : : Positions : : 21,322 16,831 0 3,200 0 2,830 2,307 90 0 1,390 0 : : : : Changes from: November 18, 2025 : : -31 279 0 248 0 220 0 90 0 -124 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 83.7 66.1 0.0 12.6 0.0 11.1 9.1 0.4 0.0 5.5 0.0 : : : : Number of Traders in Each Category Total Traders: 29 : : 12 11 0 . 0 . . . 0 . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- MALIN (BASIS) - ICE FUTURES ENERGY DIV 2500 mmbtu : CFTC Code #0233BH Open Interest is 128,552 : : Positions : : 107,397 96,163 11,105 23,673 2,286 0 0 0 0 895 0 : : : : Changes from: November 18, 2025 : : 1,205 1,739 607 216 214 0 0 0 0 155 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 83.5 74.8 8.6 18.4 1.8 0.0 0.0 0.0 0.0 0.7 0.0 : : : : Number of Traders in Each Category Total Traders: 23 : : 12 11 . . 5 0 0 0 0 . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PANHANDLE BASIS - ICE FUTURES ENERGY DIV 2500 mmbtu : CFTC Code #0233BL Open Interest is 144,141 : : Positions : : 100,464 46,639 7,841 81,687 7,975 8,472 217 303 0 1,378 16 : : : : Changes from: November 18, 2025 : : 1,539 2,695 697 -1,320 637 -1,873 0 0 0 312 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 69.7 32.4 5.4 56.7 5.5 5.9 0.2 0.2 0.0 1.0 0.0 : : : : Number of Traders in Each Category Total Traders: 37 : : 19 12 . 9 9 . . . 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PG&E - CITYGATE (INDEX) - ICE FUTURES ENERGY DIV 2500 mmbtu : CFTC Code #0233BQ Open Interest is 24,309 : : Positions : : 18,700 20,216 0 0 0 0 1,479 0 0 240 0 : : : : Changes from: November 18, 2025 : : 897 0 0 0 0 0 1,209 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 76.9 83.2 0.0 0.0 0.0 0.0 6.1 0.0 0.0 1.0 0.0 : : : : Number of Traders in Each Category Total Traders: 23 : : 14 13 0 0 0 0 . 0 0 . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- SOCAL CITYGATE FINANCIAL BASIS - ICE FUTURES ENERGY DIV MMBtu : CFTC Code #0233BY Open Interest is 44,667 : : Positions : : 30,644 26,394 6,576 10,493 366 0 478 31 408 742 337 : : : : Changes from: November 18, 2025 : : -269 151 0 0 0 0 478 31 -93 71 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 68.6 59.1 14.7 23.5 0.8 0.0 1.1 0.1 0.9 1.7 0.8 : : : : Number of Traders in Each Category Total Traders: 26 : : 16 11 . . . 0 . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- SONAT - TIER 1 POOL (ZONE 0) - ICE FUTURES ENERGY DIV 2500 mmbtu : CFTC Code #0233C1 Open Interest is 118,305 : : Positions : : 86,398 96,434 11,182 12,505 3,342 3,853 0 0 0 0 0 : : : : Changes from: November 18, 2025 : : 629 -274 -452 -182 368 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 73.0 81.5 9.5 10.6 2.8 3.3 0.0 0.0 0.0 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 28 : : 12 19 . 4 4 . 0 0 0 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- TETCO WLA BASIS - ICE FUTURES ENERGY DIV mmbtu : CFTC Code #0233CC Open Interest is 120,828 : : Positions : : 72,661 55,007 28,969 2,084 4,983 0 57,062 0 2,465 0 0 : : : : Changes from: November 18, 2025 : : 0 0 -151 31 0 0 2,568 0 31 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 60.1 45.5 24.0 1.7 4.1 0.0 47.2 0.0 2.0 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 26 : : 12 11 . . 4 0 . 0 . 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- TETCO M3 INDEX - ICE FUTURES ENERGY DIV 2500 mmbtu : CFTC Code #0233CG Open Interest is 85,528 : : Positions : : 27,578 76,499 47,272 0 5,846 1,466 504 240 240 1,030 0 : : : : Changes from: November 18, 2025 : : 2,688 3,804 1,682 0 0 0 101 240 0 132 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 32.2 89.4 55.3 0.0 6.8 1.7 0.6 0.3 0.3 1.2 0.0 : : : : Number of Traders in Each Category Total Traders: 36 : : 11 14 8 0 . . . . . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- TETCO M3 BASIS - ICE FUTURES ENERGY DIV 2500 mm btu : CFTC Code #0233CH Open Interest is 188,277 : : Positions : : 108,480 125,502 47,505 40,683 8,775 5,712 0 1,793 1,061 2,800 1,424 : : : : Changes from: November 18, 2025 : : 1,412 1,225 514 -220 -20 -1,682 -310 -217 -901 271 175 : : : : Percent of Open Interest Represented by Each Category of Trader : : 57.6 66.7 25.2 21.6 4.7 3.0 0.0 1.0 0.6 1.5 0.8 : : : : Number of Traders in Each Category Total Traders: 52 : : 19 20 7 8 6 5 0 . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- TGT ZONE 1 BASIS - ICE FUTURES ENERGY DIV 2500 MMBtus : CFTC Code #0233CM Open Interest is 182,023 : : Positions : : 154,419 71,179 5,780 99,239 4,669 13,331 0 0 0 930 0 : : : : Changes from: November 18, 2025 : : 2,712 1,407 0 596 0 174 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 84.8 39.1 3.2 54.5 2.6 7.3 0.0 0.0 0.0 0.5 0.0 : : : : Number of Traders in Each Category Total Traders: 41 : : 23 17 . 7 4 . 0 0 0 . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- TRANSCO STN 85 MONTHLY INDEX - ICE FUTURES ENERGY DIV mmbtu : CFTC Code #0233CS Open Interest is 49,602 : : Positions : : 31,818 39,887 5,114 6,172 0 11,009 544 510 390 1,209 0 : : : : Changes from: November 18, 2025 : : 5,987 4,551 0 434 0 2,838 544 510 0 999 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 64.1 80.4 10.3 12.4 0.0 22.2 1.1 1.0 0.8 2.4 0.0 : : : : Number of Traders in Each Category Total Traders: 35 : : 10 18 . . 0 . . . . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- TRANSCO ZONE 6 BASIS - ICE FUTURES ENERGY DIV mmbtu : CFTC Code #0233CU Open Interest is 289,961 : : Positions : : 185,672 204,705 72,397 60,679 9,108 5,299 5,500 1,201 5,819 1,512 3,006 : : : : Changes from: November 18, 2025 : : 6,070 733 2,122 7,381 456 2,320 -291 -38 521 1,112 -204 : : : : Percent of Open Interest Represented by Each Category of Trader : : 64.0 70.6 25.0 20.9 3.1 1.8 1.9 0.4 2.0 0.5 1.0 : : : : Number of Traders in Each Category Total Traders: 51 : : 26 24 5 7 6 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- TRANSCO ZONE 6 MONTHLY INDEX - ICE FUTURES ENERGY DIV mmbtu : CFTC Code #0233CV Open Interest is 112,114 : : Positions : : 39,915 106,211 56,074 0 90 3,661 319 626 9,811 2,962 0 : : : : Changes from: November 18, 2025 : : 1,798 3,348 -62 0 0 595 -446 626 682 62 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 35.6 94.7 50.0 0.0 0.1 3.3 0.3 0.6 8.8 2.6 0.0 : : : : Number of Traders in Each Category Total Traders: 35 : : 10 17 6 0 . . . . . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- TRANSCO STATION 85-ZONE 4 BASI - ICE FUTURES ENERGY DIV 2500 mm btu : CFTC Code #0233CW Open Interest is 324,666 : : Positions : : 237,545 270,339 22,515 39,142 3,742 54,154 0 558 790 0 710 : : : : Changes from: November 18, 2025 : : 2,477 2,129 -718 44 -22 498 -336 -933 403 0 62 : : : : Percent of Open Interest Represented by Each Category of Trader : : 73.2 83.3 6.9 12.1 1.2 16.7 0.0 0.2 0.2 0.0 0.2 : : : : Number of Traders in Each Category Total Traders: 58 : : 24 30 6 . 4 7 0 . . 0 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- WAHA INDEX - ICE FUTURES ENERGY DIV 2500 mm btu : CFTC Code #0233D4 Open Interest is 98,973 : : Positions : : 93,828 69,216 2,248 19,997 982 0 2,172 0 0 3,892 120 : : : : Changes from: November 18, 2025 : : 3,193 713 0 -186 186 0 -155 0 0 1,120 120 : : : : Percent of Open Interest Represented by Each Category of Trader : : 94.8 69.9 2.3 20.2 1.0 0.0 2.2 0.0 0.0 3.9 0.1 : : : : Number of Traders in Each Category Total Traders: 44 : : 26 19 . 7 . 0 . 0 0 4 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- TETCO M2 Basis (Receipts) - ICE FUTURES ENERGY DIV 2500 MM Btus : CFTC Code #0233DR Open Interest is 529,296 : : Positions : : 472,362 28,001 7,710 482,330 12,492 23,972 1,619 62 3,495 469 625 : : : : Changes from: November 18, 2025 : : 6,972 440 1,334 12,191 2,092 844 310 0 3,326 -62 -583 : : : : Percent of Open Interest Represented by Each Category of Trader : : 89.2 5.3 1.5 91.1 2.4 4.5 0.3 0.0 0.7 0.1 0.1 : : : : Number of Traders in Each Category Total Traders: 61 : : 31 13 . 16 6 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- TRANSCO LEIDY BASIS - ICE FUTURES ENERGY DIV 2500 mm btu : CFTC Code #0233DT Open Interest is 133,645 : : Positions : : 91,808 67,946 9,157 47,749 14,812 8,247 0 0 3,323 0 0 : : : : Changes from: November 18, 2025 : : 9,789 1,981 -2,939 6,209 548 1,246 0 -214 403 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 68.7 50.8 6.9 35.7 11.1 6.2 0.0 0.0 2.5 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 35 : : 15 9 . 9 5 . 0 0 . 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- TETCO M2 Index (Receipts) - ICE FUTURES ENERGY DIV 2500 MM Btus : CFTC Code #0233DW Open Interest is 27,439 : : Positions : : 23,381 25,522 1,994 0 0 403 0 0 0 0 0 : : : : Changes from: November 18, 2025 : : 1,364 2,387 1,454 0 0 403 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 85.2 93.0 7.3 0.0 0.0 1.5 0.0 0.0 0.0 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 31 : : 14 17 . 0 0 . 0 0 0 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- TRANSCO LEIDY INDEX - ICE FUTURES ENERGY DIV 2500 MMBtus : CFTC Code #0233E5 Open Interest is 39,515 : : Positions : : 20,762 39,360 12,147 0 0 3,576 0 0 1,390 0 0 : : : : Changes from: November 18, 2025 : : . . . . . . . . . . . : : : : Percent of Open Interest Represented by Each Category of Trader : : 52.5 99.6 30.7 0.0 0.0 9.0 0.0 0.0 3.5 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 24 : : 7 11 . 0 0 . 0 0 . 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- REX ZONE 3 BASIS - ICE FUTURES ENERGY DIV 2500 MMBtus : CFTC Code #0233EB Open Interest is 262,425 : : Positions : : 222,926 145,348 1,495 97,490 5,747 14,817 3,120 2,426 4,489 1,928 2,381 : : : : Changes from: November 18, 2025 : : 5,460 4,316 0 3,465 -135 -555 62 248 1,421 1,198 -284 : : : : Percent of Open Interest Represented by Each Category of Trader : : 84.9 55.4 0.6 37.1 2.2 5.6 1.2 0.9 1.7 0.7 0.9 : : : : Number of Traders in Each Category Total Traders: 57 : : 26 26 . 10 4 . . . . . 4 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- REX ZONE 3 INDEX - ICE FUTURES ENERGY DIV 2500 MMBtus : CFTC Code #0233ED Open Interest is 33,708 : : Positions : : 22,298 30,138 5,944 1,066 300 1,109 510 900 1,961 0 0 : : : : Changes from: November 18, 2025 : : 3,065 6,820 930 -62 0 1,109 -1,086 900 527 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 66.2 89.4 17.6 3.2 0.9 3.3 1.5 2.7 5.8 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 35 : : 18 19 . . . . . . 4 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- Transco Zone 5 South Basis - ICE FUTURES ENERGY DIV 2500 MMBtus : CFTC Code #0233FJ Open Interest is 166,499 : : Positions : : 106,420 140,926 31,368 9,407 7,845 12,535 140 1,566 1,628 0 0 : : : : Changes from: November 18, 2025 : : 1,308 2,205 -88 125 -2 -645 0 459 992 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 63.9 84.6 18.8 5.6 4.7 7.5 0.1 0.9 1.0 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 41 : : 20 27 4 . . . . 4 . 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NAT GAS NYME - NEW YORK MERCANTILE EXCHANGE (Contracts of 10,000 MMBTU'S) : CFTC Code #023651 Open Interest is 1,504,302 : : Positions : : 198,408 219,643 181,553 34,706 148,824 152,833 218,194 517,348 49,620 123,412 198,375 : : : : Changes from: November 18, 2025 : : -11,034 -9,733 4,139 -944 5,083 -15,456 -9,743 -6,244 2,395 -1,085 2,414 : : : : Percent of Open Interest Represented by Each Category of Trader : : 13.2 14.6 12.1 2.3 9.9 10.2 14.5 34.4 3.3 8.2 13.2 : : : : Number of Traders in Each Category Total Traders: 302 : : 48 40 16 13 24 63 54 82 49 45 71 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- EUR STYLE NATURAL GAS OPTIONS - NEW YORK MERCANTILE EXCHANGE (Contracts of 10,000 MMBTU'S) : CFTC Code #02365U Open Interest is 655,771 : : Positions : : 128,595 102,167 32,276 96,825 172,802 64,644 36,426 71,515 32,978 25,330 147,291 : : : : Changes from: November 18, 2025 : : -26,579 -34,132 2,849 1,321 -31,256 -7,831 -16,732 -26,331 -20,441 -1,799 -51,327 : : : : Percent of Open Interest Represented by Each Category of Trader : : 19.6 15.6 4.9 14.8 26.4 9.9 5.6 10.9 5.0 3.9 22.5 : : : : Number of Traders in Each Category Total Traders: 161 : : 38 34 9 14 22 39 14 42 33 13 41 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- HENRY HUB LAST DAY FIN - NEW YORK MERCANTILE EXCHANGE (Contracts of 10,000 MMBTU'S) : CFTC Code #023A55 Open Interest is 461,260 : : Positions : : 141,917 76,609 30,957 170,047 40,549 34,227 9,205 28,779 100,381 64,294 61,844 : : : : Changes from: November 18, 2025 : : 8,030 1,828 -224 5,391 -2,157 -440 1,930 -3,281 -4,168 -6,718 6,267 : : : : Percent of Open Interest Represented by Each Category of Trader : : 30.8 16.6 6.7 36.9 8.8 7.4 2.0 6.2 21.8 13.9 13.4 : : : : Number of Traders in Each Category Total Traders: 101 : : 33 25 7 15 18 8 6 14 19 9 22 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- HENRY HUB PENULTIMATE FIN - NEW YORK MERCANTILE EXCHANGE (Contracts of 10,000 MMBTU'S) : CFTC Code #023A56 Open Interest is 219,881 : : Positions : : 20,946 41,639 101,767 45,091 26,875 27,619 40,410 8,135 13,557 32,593 15,579 : : : : Changes from: November 18, 2025 : : -5,977 -2,628 -4,208 -4,746 -4,734 -4,961 -1,653 -11,482 -2,988 -9,323 -3,160 : : : : Percent of Open Interest Represented by Each Category of Trader : : 9.5 18.9 46.3 20.5 12.2 12.6 18.4 3.7 6.2 14.8 7.1 : : : : Number of Traders in Each Category Total Traders: 68 : : 11 14 11 5 11 4 8 6 12 14 20 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NATURAL GAS CAL SPREAD OPT FIN - NEW YORK MERCANTILE EXCHANGE (Contracts of 10,000 MMBTU'S) : CFTC Code #023A84 Open Interest is 140,204 : : Positions : : 3,586 7,416 253 1,429 2,213 13,490 2,926 70,117 2,509 8,354 47,604 : : : : Changes from: November 18, 2025 : : -4,432 -1,039 10 -288 -780 -9,966 -3,408 -10,320 -1,909 -11,516 -6,005 : : : : Percent of Open Interest Represented by Each Category of Trader : : 2.6 5.3 0.2 1.0 1.6 9.6 2.1 50.0 1.8 6.0 34.0 : : : : Number of Traders in Each Category Total Traders: 29 : : 7 7 . . . 6 5 9 . 5 7 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NAT GAS OPT ON CALENDAR STRIP - NEW YORK MERCANTILE EXCHANGE (Contracts of 10,000 MMBTU'S) : CFTC Code #023B41 Open Interest is 5,475 : : Positions : : 1,030 1,665 1,032 362 2,176 521 134 244 118 473 355 : : : : Changes from: November 18, 2025 : : -179 -220 412 -10 -879 -176 134 -859 -49 106 -164 : : : : Percent of Open Interest Represented by Each Category of Trader : : 18.8 30.4 18.8 6.6 39.7 9.5 2.5 4.5 2.2 8.6 6.5 : : : : Number of Traders in Each Category Total Traders: 21 : : 5 5 5 . 7 . . . 4 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- HENRY HUB - NEW YORK MERCANTILE EXCHANGE (Contracts of 2,500 MMBTU'S) : CFTC Code #03565B Open Interest is 358,900 : : Positions : : 37,318 16,071 17,426 234,540 56,232 0 17,309 5,474 225,971 15,620 2,643 : : : : Changes from: November 18, 2025 : : 2,238 -652 -366 -367 1,926 0 2,136 0 1,559 2,382 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 10.4 4.5 4.9 65.3 15.7 0.0 4.8 1.5 63.0 4.4 0.7 : : : : Number of Traders in Each Category Total Traders: 38 : : 8 9 . 14 13 0 . . 6 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- HENRY HUB PENULTIMATE NAT GAS - NEW YORK MERCANTILE EXCHANGE (Contracts of 2,500 MMBTU'S) : CFTC Code #03565C Open Interest is 121,913 : : Positions : : 14,584 26,977 52,580 25,188 19,868 9,430 11,121 3,302 3,751 19,189 5,133 : : : : Changes from: November 18, 2025 : : -1,934 -1,197 -2,384 698 -3,276 -1,197 -7,566 -170 -3,115 -1,107 -560 : : : : Percent of Open Interest Represented by Each Category of Trader : : 12.0 22.1 43.1 20.7 16.3 7.7 9.1 2.7 3.1 15.7 4.2 : : : : Number of Traders in Each Category Total Traders: 39 : : 7 6 7 5 10 7 . 5 5 6 7 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PROPANE ARGUS CIF ARA MINI - ICE FUTURES ENERGY DIV 100 metric tonnes : CFTC Code #066391 Open Interest is 6,210 : : Positions : : 2,774 1,910 1,618 332 447 0 0 0 387 2,817 46 : : : : Changes from: November 18, 2025 : : 161 162 97 -5 0 0 0 0 -21 65 43 : : : : Percent of Open Interest Represented by Each Category of Trader : : 44.7 30.8 26.1 5.3 7.2 0.0 0.0 0.0 6.2 45.4 0.7 : : : : Number of Traders in Each Category Total Traders: 31 : : 12 12 6 . . 0 0 0 . 5 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PROPANE ARGUS FAR EAST MINI - ICE FUTURES ENERGY DIV 100 metric tonnes : CFTC Code #066393 Open Interest is 6,762 : : Positions : : 3,135 2,965 100 1,119 203 0 0 0 1,596 1,073 813 : : : : Changes from: November 18, 2025 : : 190 330 0 25 70 0 0 0 145 15 150 : : : : Percent of Open Interest Represented by Each Category of Trader : : 46.4 43.8 1.5 16.5 3.0 0.0 0.0 0.0 23.6 15.9 12.0 : : : : Number of Traders in Each Category Total Traders: 53 : : 21 24 . 4 4 0 0 0 10 8 7 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PROPANE ARGUS SAUDI CP MINI - ICE FUTURES ENERGY DIV 100 Metric Tonnes : CFTC Code #06639H Open Interest is 2,553 : : Positions : : 721 547 152 388 87 0 0 0 285 902 219 : : : : Changes from: November 18, 2025 : : 110 90 60 0 0 0 0 0 -40 28 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 28.2 21.4 6.0 15.2 3.4 0.0 0.0 0.0 11.2 35.3 8.6 : : : : Number of Traders in Each Category Total Traders: 27 : : 9 8 4 . . 0 0 0 4 4 5 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PROPANE,OPIS MT BELV TET BALMO - ICE FUTURES ENERGY DIV 42000 gallons(1000 barrels) : CFTC Code #06639Z Open Interest is 2,204 : : Positions : : 1,268 1,003 224 145 52 0 0 0 351 700 289 : : : : Changes from: November 18, 2025 : : 0 62 0 0 0 0 0 0 0 -62 62 : : : : Percent of Open Interest Represented by Each Category of Trader : : 57.5 45.5 10.2 6.6 2.4 0.0 0.0 0.0 15.9 31.8 13.1 : : : : Number of Traders in Each Category Total Traders: 24 : : 7 9 . . . 0 0 0 . . 5 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ARGUS CIF ARA Lg Finl Propane - ICE FUTURES ENERGY DIV 1000 metric tonnes : CFTC Code #066411 Open Interest is 3,776 : : Positions : : 1,384 1,779 95 181 478 0 0 0 492 0 771 : : : : Changes from: November 18, 2025 : : 46 77 88 -6 33 0 0 0 -21 0 36 : : : : Percent of Open Interest Represented by Each Category of Trader : : 36.7 47.1 2.5 4.8 12.7 0.0 0.0 0.0 13.0 0.0 20.4 : : : : Number of Traders in Each Category Total Traders: 22 : : 11 14 . . 4 0 0 0 . 0 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ARGUS FAR EAST PROPANE - ICE FUTURES ENERGY DIV 1000 metric tonnes : CFTC Code #066413 Open Interest is 14,546 : : Positions : : 9,724 7,762 194 627 521 102 0 77 200 1,657 2,717 : : : : Changes from: November 18, 2025 : : 290 107 -42 49 -55 -15 0 0 -42 142 50 : : : : Percent of Open Interest Represented by Each Category of Trader : : 66.8 53.4 1.3 4.3 3.6 0.7 0.0 0.5 1.4 11.4 18.7 : : : : Number of Traders in Each Category Total Traders: 60 : : 40 39 . . . . 0 . . 8 11 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ETHANE, MT. BELV-ENTERPRISE - ICE FUTURES ENERGY DIV 42000 gallons(1000 barrels) : CFTC Code #066416 Open Interest is 82,056 : : Positions : : 49,490 48,035 4,745 7,077 11,083 3,498 0 413 3,214 5,756 9,514 : : : : Changes from: November 18, 2025 : : 1,671 827 -398 169 557 60 0 -25 -376 -59 -1,180 : : : : Percent of Open Interest Represented by Each Category of Trader : : 60.3 58.5 5.8 8.6 13.5 4.3 0.0 0.5 3.9 7.0 11.6 : : : : Number of Traders in Each Category Total Traders: 60 : : 33 30 5 . 8 . 0 . 6 6 7 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ISOBUTANE OPIS MT BELV NONTET - ICE FUTURES ENERGY DIV 42000 gallons(1000 barrels) : CFTC Code #066418 Open Interest is 6,241 : : Positions : : 5,125 1,464 0 2,481 261 0 0 0 160 1,011 9 : : : : Changes from: November 18, 2025 : : 485 193 0 -213 180 0 0 0 0 520 9 : : : : Percent of Open Interest Represented by Each Category of Trader : : 82.1 23.5 0.0 39.8 4.2 0.0 0.0 0.0 2.6 16.2 0.1 : : : : Number of Traders in Each Category Total Traders: 21 : : 12 6 0 5 . 0 0 0 . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NAT GASLNE OPIS MT B NONTET FP - ICE FUTURES ENERGY DIV 42000 gallons(1000 barrels) : CFTC Code #06641A Open Interest is 21,420 : : Positions : : 15,499 14,430 528 1,904 723 0 0 0 1,525 480 3,118 : : : : Changes from: November 18, 2025 : : 428 283 30 -15 0 0 0 0 -170 30 367 : : : : Percent of Open Interest Represented by Each Category of Trader : : 72.4 67.4 2.5 8.9 3.4 0.0 0.0 0.0 7.1 2.2 14.6 : : : : Number of Traders in Each Category Total Traders: 34 : : 17 19 . 4 4 0 0 0 . . 5 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- BUTANE OPIS MT BELV NONTET FP - ICE FUTURES ENERGY DIV 42000 gallons(1000 barrels) : CFTC Code #06641D Open Interest is 70,841 : : Positions : : 46,718 41,941 2,614 6,493 5,710 553 500 540 7,605 8,592 6,855 : : : : Changes from: November 18, 2025 : : -455 85 404 592 10 9 40 535 246 -216 909 : : : : Percent of Open Interest Represented by Each Category of Trader : : 65.9 59.2 3.7 9.2 8.1 0.8 0.7 0.8 10.7 12.1 9.7 : : : : Number of Traders in Each Category Total Traders: 100 : : 55 51 . 9 9 . . . 10 9 14 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PROPANE OPIS CONWAY INWELL FP - ICE FUTURES ENERGY DIV 42000 gallons(1000 barrels) : CFTC Code #06641E Open Interest is 15,067 : : Positions : : 9,767 11,777 1,124 1,087 646 0 110 0 2,157 176 1,117 : : : : Changes from: November 18, 2025 : : 164 348 314 13 -35 0 0 0 -122 4 96 : : : : Percent of Open Interest Represented by Each Category of Trader : : 64.8 78.2 7.5 7.2 4.3 0.0 0.7 0.0 14.3 1.2 7.4 : : : : Number of Traders in Each Category Total Traders: 36 : : 15 19 5 . 6 0 . 0 5 . 6 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PROPANE OPIS MT BELV NONTET FP - ICE FUTURES ENERGY DIV 42000 gallons(1000 barrels) : CFTC Code #06641F Open Interest is 97,000 : : Positions : : 63,992 63,211 7,131 25,236 566 0 0 0 20,488 3,044 4,664 : : : : Changes from: November 18, 2025 : : 3,578 3,705 -236 526 115 0 0 0 543 -335 -65 : : : : Percent of Open Interest Represented by Each Category of Trader : : 66.0 65.2 7.4 26.0 0.6 0.0 0.0 0.0 21.1 3.1 4.8 : : : : Number of Traders in Each Category Total Traders: 71 : : 32 31 5 9 6 0 0 0 6 6 7 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PROPANE OPIS MT BELVIEU TET FP - ICE FUTURES ENERGY DIV 42000 gallons(1000 barrels) : CFTC Code #06641G Open Interest is 194,664 : : Positions : : 96,582 117,099 22,080 2,188 9,229 253 3,069 8,923 31,570 27,990 25,615 : : : : Changes from: November 18, 2025 : : 3,489 6,039 813 -440 154 213 -631 -20 -874 -1,295 2,442 : : : : Percent of Open Interest Represented by Each Category of Trader : : 49.6 60.2 11.3 1.1 4.7 0.1 1.6 4.6 16.2 14.4 13.2 : : : : Number of Traders in Each Category Total Traders: 141 : : 69 75 16 4 16 . . . 17 11 20 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PROPANE ARGUS SAUDI CP FP - ICE FUTURES ENERGY DIV 1000 Metric Tonnes : CFTC Code #06641H Open Interest is 5,671 : : Positions : : 2,334 4,080 355 0 164 0 25 0 1,387 272 329 : : : : Changes from: November 18, 2025 : : 284 354 55 0 -48 0 25 0 85 72 -50 : : : : Percent of Open Interest Represented by Each Category of Trader : : 41.2 71.9 6.3 0.0 2.9 0.0 0.4 0.0 24.5 4.8 5.8 : : : : Number of Traders in Each Category Total Traders: 44 : : 23 24 . 0 . 0 . 0 9 . 8 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ARGUS PROPANE FAR EAST INDEX - NEW YORK MERCANTILE EXCHANGE (CONTRACTS OF 1,000 METRIC TONS) : CFTC Code #06665B Open Interest is 5,956 : : Positions : : 2,514 4,104 652 363 178 0 58 0 1,362 18 558 : : : : Changes from: November 18, 2025 : : 260 352 16 20 0 0 0 0 25 -7 81 : : : : Percent of Open Interest Represented by Each Category of Trader : : 42.2 68.9 10.9 6.1 3.0 0.0 1.0 0.0 22.9 0.3 9.4 : : : : Number of Traders in Each Category Total Traders: 42 : : 24 31 . . 4 0 . 0 4 . 5 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PROPANE NON-LDH MT BEL - NEW YORK MERCANTILE EXCHANGE (CONTRACTS OF 42,000 GALLONS) : CFTC Code #06665G Open Interest is 33,358 : : Positions : : 28,589 23,096 1,516 7,870 206 0 0 0 2,242 1,234 762 : : : : Changes from: November 18, 2025 : : 276 311 86 215 -76 0 0 0 522 306 -211 : : : : Percent of Open Interest Represented by Each Category of Trader : : 85.7 69.2 4.5 23.6 0.6 0.0 0.0 0.0 6.7 3.7 2.3 : : : : Number of Traders in Each Category Total Traders: 69 : : 33 38 . 10 5 0 0 0 4 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PROPANE - NEW YORK MERCANTILE EXCHANGE (CONTRACTS OF 42,000 GALLONS) : CFTC Code #06665O Open Interest is 148,574 : : Positions : : 107,603 85,893 10,966 9,336 8,688 3,139 10,017 5,346 1,749 18,549 10,412 : : : : Changes from: November 18, 2025 : : 1,015 1,023 -315 -93 5 -193 559 774 273 -462 385 : : : : Percent of Open Interest Represented by Each Category of Trader : : 72.4 57.8 7.4 6.3 5.8 2.1 6.7 3.6 1.2 12.5 7.0 : : : : Number of Traders in Each Category Total Traders: 156 : : 75 77 11 9 16 . 16 5 7 16 15 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- MT BELVIEU ETHANE OPIS - NEW YORK MERCANTILE EXCHANGE (CONTRACTS OF 42,000 GALLONS) : CFTC Code #06665P Open Interest is 52,473 : : Positions : : 34,826 31,308 414 13,472 3,601 11,750 320 76 80 1,122 1,409 : : : : Changes from: November 18, 2025 : : 424 323 0 306 273 221 0 10 0 -40 175 : : : : Percent of Open Interest Represented by Each Category of Trader : : 66.4 59.7 0.8 25.7 6.9 22.4 0.6 0.1 0.2 2.1 2.7 : : : : Number of Traders in Each Category Total Traders: 58 : : 24 28 . 6 6 8 . . . 6 4 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- MT BELV NORM BUTANE OPIS - NEW YORK MERCANTILE EXCHANGE (CONTRACTS OF 42,000 GALLONS) : CFTC Code #06665Q Open Interest is 59,112 : : Positions : : 38,168 40,423 4,334 4,454 5,947 2,767 2,219 538 2,564 1,330 3,737 : : : : Changes from: November 18, 2025 : : 1,074 224 540 -67 53 -100 900 0 -520 -177 932 : : : : Percent of Open Interest Represented by Each Category of Trader : : 64.6 68.4 7.3 7.5 10.1 4.7 3.8 0.9 4.3 2.2 6.3 : : : : Number of Traders in Each Category Total Traders: 117 : : 59 56 8 6 10 5 10 . 11 5 11 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- MT BELV NAT GASOLINE OPIS - NEW YORK MERCANTILE EXCHANGE (CONTRACTS OF 42,000 GALLONS) : CFTC Code #06665R Open Interest is 46,192 : : Positions : : 44,395 32,643 285 11,513 251 0 66 0 995 1,388 106 : : : : Changes from: November 18, 2025 : : 1,628 1,203 95 10 53 0 0 0 -565 -5 -25 : : : : Percent of Open Interest Represented by Each Category of Trader : : 96.1 70.7 0.6 24.9 0.5 0.0 0.1 0.0 2.2 3.0 0.2 : : : : Number of Traders in Each Category Total Traders: 55 : : 27 27 . 7 . 0 . 0 . 5 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- CONWAY PROPANE (OPIS) - NEW YORK MERCANTILE EXCHANGE (CONTRACTS OF 42,000 GALLONS) : CFTC Code #06665T Open Interest is 31,556 : : Positions : : 22,538 24,202 4,874 3,520 1,697 0 410 36 521 24 1,424 : : : : Changes from: November 18, 2025 : : 452 342 -22 197 -16 0 0 26 70 -49 166 : : : : Percent of Open Interest Represented by Each Category of Trader : : 71.4 76.7 15.4 11.2 5.4 0.0 1.3 0.1 1.7 0.1 4.5 : : : : Number of Traders in Each Category Total Traders: 62 : : 31 26 9 6 9 0 . . 5 . 5 : ----------------------------------------------------------------------------------------------------------------
Updated December 15, 2025