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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 and WTI gained further in the latest commitment of traders data released on Friday. Brent net longs are up to the highest since mid June. Net long positioning for ICE Gasoil and Nymex diesel remained relatively unchanged on the week. Uncertainty over global demand is weighing on the market but supply cuts from OPEC in Nov and Dec and Russian sanctions from early December are providing support.
- Nymex WTI net longs increased by +16k to 198k.
- ICE Brent net longs increased by +22k to 227k.
- ICE Gasoil fell by -1k to 61k.
- Nymex diesel increased by +1k to 25k.
- Nymex gasoline fell by -2k to 53k.
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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