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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 oil managed money net long positions fell to a six week low with Brent positions the lowest since December according to Commitments of Traders data released on Friday.
- The combined net long positions for Brent and WTI fell by -19k to the least bullish in five weeks at 268k.
- Diesel managed money net short positions reduced slightly this week after seeing a switch from net long to net short in the previous couple of weeks.
- ICE Brent net longs fell by -25k to 113k
- Nymex WTI net longs fell by +15k to 172k
- ICE Gasoil fell by +4k to -29k
- Nymex diesel fell by +2k to -0.3k
- Nymex gasoline fell by -9k to 39k
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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