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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
Crude oil managed money net longs have recovered slightly in data released late last week. The last couple of weeks had seen the lowest levels in about 18 months. Bullish bets on Nymex Brent and ICE WTI are however still low due to recessionary risks and as high fuel pump prices are impacting demand. Net longs in ICE Gasoil however continue to fall to their lowest since August 2020.
- Nymex WTI increased by 12k to 227.6k
- ICE Brent increased by 15k to 154.8k
- ICE Gasoil fell by 3k to 55.7k.
- Nymex gasoline increased by 2k to 48.5k
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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