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Brent Open Interest Recovering but Volumes Fall on Thanksgiving


Brent crude futures aggregate open interest has picked up from a drop in early November following the Dec23 contract expiry. ICE Brent open interest is back up to 2.12m from the lowest since January at 2.042m on Nov 9 but still below levels seen for most of this year. Nymex WTI open interest has however continued to fall in November to 1.56m after seeing a steady decline since a peak in June of 1.95m.

  • Aggregate daily traded futures volumes have dropped at the end of this week due to the US Thanksgiving holiday with Brent yesterday at 0.48m compared to the average so far in Nov of 1.02m. Aggregate options traded volumes were down at just 64.5k yesterday compared to 210k average so far this month.
  • ICE Gasoil futures open interest has recovered slightly up to 0.64m after a drop in early Nov but daily traded futures volumes were also down yesterday 108k compared to an average of 300k in Nov so far.
  • Nymex RBOB gasoline futures open interest has seen a trend higher this month up to 0.35m yesterday.

Source: Bloomberg

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