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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OIL POSITIONING
Crude managed money net long positions increased last week according to Commitments of Traders data released on Friday with Brent the highest since early May. The combined net long positions for Brent and WTI increased by +23k to 263k.
- ICE Gasoil managed money net positions also increased to strengthen the net long position after seeing a net short throughout May and early June.
- ICE Brent net longs increased by +16k to 190k
- Nymex WTI net longs increased by +3k to 107k
- ICE Gasoil increased by +12k to +16k
- Nymex diesel fell by -4k to +10k
- Nymex gasoline fell by -2k to 55k
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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