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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 POSITIONING
OIL POSITIONING – Crude managed money net long positions last week fell back amid bearish market demand pressures and despite ongoing Middle East tensions and Red Sea diversions after gains the previous couple of weeks. The combined net long positions for Brent and WTI fell by -60k to 246k according to the Commitments of Traders data released on Friday.
- ICE Gasoil net long positions also dipped on the week with demand weakness weighing on markets while Nymex diesel and Nymex gasoline positions were relatively unchanged on the week.
- ICE Brent net longs fell by -30k to +170k
- Nymex WTI net longs fell by -36k to +89k
- ICE Gasoil fell by -6k to +9k
- Nymex diesel rose by +0.2k to +19k
- Nymex gasoline rose by +1k to +69k
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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