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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 to an eight week low with Brent positions the lowest since December according to Commitments of Traders data released on Friday.
- Concern for future oil demand growth and a potential US recession have combined with uncertainty over the rate of growth in China to drive the combined net long positions for Brent and WTI down by -18k to 250k.
- Diesel managed money net positions ticked slightly higher with US diesel back into a net long position but ICE Gasoil still showing a net short.
- ICE Brent net longs fell by -6k to 107k
- Nymex WTI net longs fell by -12k to 160k
- ICE Gasoil increased by +8k to -21k
- Nymex diesel increased by +7k to +7k
- Nymex gasoline increased by +5k to 45k
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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