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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
Aggregate Brent crude futures daily traded volumes have surged this week to the highest since March. ICE Brent crude and Gasoil open interest has also edged higher during June, but Nymex WTI and RBOB interest has dipped.
- The average daily volumes to 28 June are up over 1.0m lots compared to volumes seen at the start of the year of around 0.84m lots but still just below the volume spike amid the US banking turmoil in March. WTI volumes have not risen as high this week but the June average is now just above the average daily volume seen in March.
- Aggregate open interest for ICE Brent is back up from a low of 2.14m earlier in June to the high of the year at 2.29m.
- ICE Gasoil aggregate open interest has seen a steady rise since November with this month again gaining up to 0.72m but still well below the highs from 2021 of over 1m.
- In contrast to the rise in Brent, Nymex WTI aggregate open interest has fallen during June from 1.95m to 1.85m.
Source: MNI / 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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