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Crude and Gasoil Open Interest Sets New Highs for 2023

OIL POSITIONING

Crude oil and Gasoil open interest has resumed the trend higher in the second half of May to set new recent highs.

  • Aggregate open interest for ICE Brent has climbed to the highest since November 2021 at 2.293m and Nymex WTI the highest since March 2022 at 1.924m.
  • ICE Gasoil aggregate open interest has also continued the steady increase since late last year up to 0.703m and near the highest since Feb 2022.


Source: Bloomberg

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