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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
Crude oil managed money net long positions fell again this week with Brent positions the lowest since December according to Commitments of Traders data released on Friday with focus last week on recessionary and global demand concerns.
- The combined net long positions for Brent and WTI fell by 104k to the least bullish in five weeks at 287k.
- US diesel managed money net positions joined ICE Gasoil in a net short position to reach the lowest since Nov 2020. The ICE Gasoil net short position was the most bearish in more than seven years.
- ICE Brent net longs fell by -69k to 138k
- Nymex WTI net longs fell by -36k to 157k
- ICE Gasoil fell by -32k to -33k
- Nymex diesel fell by -11k to -3k
- Nymex gasoline fell by -4k to 48k
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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