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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
Managed money net long crude positions rose to the highest since Sep. 29 last week with upside market focus driven by geopolitical risk, OPEC+ supply cuts and improving demand expectations. The combined net long positions for Brent and WTI increased by 110k to 510k according to the Commitments of Traders data released on Friday.
- The Nymex gasoline net long position rose to the highest since early August amid supply concerns from Russian refinery disruption ahead of the summer driving season.
- ICE Gasoil and net long positions also increased on the week while Nymex diesel was unchanged.
- ICE Brent net longs increased by 55k to +289k
- Nymex WTI net longs increased by 50k to +220k
- ICE Gasoil increased by 25k to +83k
- Nymex diesel unchanged at +11k
- Nymex gasoline increased by 10k to +77k
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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