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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 have fallen back from the highest since March 2022 last week according to Commitments of Traders data released on Friday. The combined net long positions for Brent and WTI decreases by -32k to 492k as WTI dips and Brent falls back to the lowest in five weeks.
- ICE Gasoil net long positions edged down again to the least bullish since 18 July but Nymex diesel positions were the most bullish since Oct 2021. Nymex gasoline net longs are still at the least bullish since early July.
- ICE Brent net longs fell by -25k to 218k
- Nymex WTI net longs fell by -8k to 307k
- ICE Gasoil fell by -0.5k to +49k
- Nymex diesel increased by +2k to +40k
- Nymex gasoline fell by -3k to 51k
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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