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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
ICE Brent crude managed money net long positions increased to the highest since Oct 2021 on 14 Feb according to data released on Friday suggesting market focus on optimism for a demand recovery in China and upside supply risks.
- The market positioning Commitments of Traders data was delayed in recent weeks due to an issue with a third-party service provider. ICE have now published all the missing data. The CFTC have published the data due on 3 Feb and intend to sequentially issue the missed CoT reports in an expedited manner by mid-March.
- ICE Brent dipped slightly by 23k to 277k in the week to 21 Feb but remain high compared to the low of 89k seen late last year.
- ICE Gasoil net longs have eased back in recent weeks from a peak in late Jan with data suggesting less disruption from the EU ban on Russian products at the start of Feb than originally expected.
- Nymex WTI and diesel positions remained relatively unchanged in the week to 31 Jan.
- Nymex WTI net longs at 188k (21 Feb)
- ICE Brent net longs at 276k (31 Jan)
- ICE Gasoil at 34k (21 Feb)
- Nymex diesel at 23k (31 Jan)
- Nymex gasoline at 68k (31 Jan)
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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