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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
Managed money net long positions in Brent increased but positions in WTI crude decreased according to the commitment of traders data released on Friday.
- The combined net long positions on Brent and WTI decreased by -12k to 334k. Net longs for Brent were the highest since 15 Nov but WTI was the lowest since mid August.
- Gasoil net long positions were the highest in 10 weeks
- Nymex WTI net longs fell by -30k to 165k.
- ICE Brent net longs increased by +18k to 161k.
- ICE Gasoil increased by +4k to 61k.
- Nymex diesel fell by -2k to 18k.
- Nymex gasoline increased by +1k to 52k.
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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