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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 oil managed money net long positions in Brent and WTI surged higher reflecting the tighter supply expectations following the surprise OPEC production cut announcement. ICE Brent positions increased by +63k while Nymex WTI increased by +73k according to Commitments of Traders data released on Friday.
- Nymex WTI net longs are the highest in seven weeks and have recovered from the decline seen in early March on the back of demand concerns from the banking sector turmoil.
- ICE Brent net longs increased by +73k to 234k.
- Nymex WTI net longs increased by +63k to 177k.
- ICE Gasoil fell by -3k to 21k.
- Nymex diesel fell by -3k to 13k.
- Nymex gasoline fell by -0k to 50k.
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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