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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
Nymex WTI open interest has slipped again this week to 1.65m but still just above the lows of 1.617m seen in mid August. WTI aggregate futures daily traded volumes have also fallen to average 0.737m compared to 1.05m last week ahead of the Nov 23 contract expiry today. Daily traded options volumes are also lower at 146k compared to 196k last week.
- Brent crude futures open interest has edged higher since early Oct to 2.212m. Aggregate daily traded futures volumes have also dipped this week but options volumes remain strong up at 279k.
- ICE Gasoil futures open interest has recovered slightly to 0.671m after falling to the lowest since May on 11 Oct but remains below levels seen in recent months. Daily traded volumes have been below normal this week with future averaging 224k and options volumes down at 2.3k.
- Nymex ROB gasoline futures open interest has continued to pick up from early Oct lows to 0.341m yesterday while daily traded volumes are low at 128k this week.
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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