Free Trial
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.
OIL POSITIONING
Crude managed money net long positions increased last week with Brent long only positioning reaching the highest since October 2021 amid geopolitical upside risks. The combined net long positions for Brent and WTI increased by +62k to 381k according to the Commitments of Traders data released on Friday.
- ICE Gasoil net long positions rose to the highest since August while Nymex diesel and gasoline nets longs also gained on the week.
- The number of money managers holding diesel contracts rose to the highest since 2021 amid Red Sea tanker diversions, refinery outages, and drone attacks on Russian energy infrastructure this year
- ICE Brent net longs increased by +38k to +276k
- Nymex WTI net longs increased by +21k to +116k
- ICE Gasoil increased by +14k to +81k
- Nymex diesel increased by +10k to +27k
- Nymex gasoline increased by +5k to +62k
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok