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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 POSITIONING
Managed money net long positions in Brent and WTI crude declined further according to the commitment of traders data released on Friday.
- The combined net long positions on Brent and WTI fell by -39K to 275k and the lowest in more than two years. Concern for global oil demand, uncertainty over Chinese consumption due to the recent rise in covid cases and the expectation of unchanged OPEC+ policy all limited upside crude price moves last week.
- Nymex WTI net longs fell by -6k to 166k.
- ICE Brent net longs fell by -39k to 99k.
- ICE Gasoil fell by -1k to 45k.
- Nymex diesel increased by +1k to 31k.
- Nymex gasoline fell by -3k to 57k.
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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