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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
Managed money net long positions in Brent declined further to the lowest since Oct 2020 according to the commitment of traders data released on Friday.
- The combined net long positions on Brent and WTI fell by -3k to 265k and the lowest in nearly three years. Long positioning has reduced in recent weeks on concern for global oil demand, uncertainty over Chinese consumption due to rising in covid cases and resilient Russian oil output.
- ICE Brent net longs fell by -6k to 89k.
- Nymex WTI net longs increased by +4k to 176k.
- ICE Gasoil increased by +1k to 39k.
- Nymex diesel fell by -7k to 14k.
- Nymex gasoline fell by -5k to 47k.
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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