MNI BRIEF: Japan June Core CPI Rises 2.6% Vs. May +2.5%

MNI BRIEF: Fed's Bowman Wants A More Effective Discount Window

MNI BRIEF: Fed Risks Soft Landing If It Doesn’t Cut - Goolsbee

MNI China Daily Summary: Thursday, July 18

MNI BRIEF: China To Upgrade Rural Land Reform: 3rd Plenum

MNI BRIEF: China's Third Plenum Eye's Deeper Financial Reform

CLARIFY: JAPAN JUNE SERVICES PRICES +1.7% Y/Y; MAY +1.6%

MNI JAPAN JUNE CORE CPI +2.6% Y/Y; MAY +2.5%

MNI: UK JUL GFK CONSUMER CONFIDENCE INDEX -13

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Brent Net Longs Extend Increase on Tight Supplies

OIL

Managed money net long positions in Brent continued to increase from the low point in August according to the commitment of traders data released on Friday. Positions are increasing on market concern over tight supplies towards the end of the year and into 2023. WTI net longs also increase slightly while ICE Gasoil and Nymex diesel steadied after increasing since the start of the month. Supply cuts from OPEC in Nov and Dec and Russian sanctions from early December are providing support to crude and distillate prices.

  • Nymex WTI net longs increased by +6k to 182k.
  • ICE Brent net longs increased by +29k to 205k.
  • ICE Gasoil fell by -3k to 62k.
  • Nymex diesel fell by -4k to 24k.
  • Nymex gasoline increase by +6k to 56k.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.