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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
Crude managed money net long positions last week increased to the highest since early May according to Commitments of Traders data released on Friday. The combined net long positions for Brent and WTI increased by +10k to 346k to continue to the recovery from a low of just 194k at the start of July.
- WTI positions rose to the highest in 12 weeks, but the Brent net longs dipped on the week after seeing a rally since May.
- ICE Gasoil net positions extended the recent gains up to the highest since March although Nymex diesel net longs reduced on the week. Nymex gasoline net longs turned slightly more bullish and also up to a three month high.
- ICE Brent net longs fell by -40k to 193k
- Nymex WTI net longs increased by +45k to 173k
- ICE Gasoil increased by +9k to +41k
- Nymex diesel fell by -5k to +19k
- Nymex gasoline increased by +7k to 65k
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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