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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 increased last week to the highest since the end of October despite a drop in Brent positions from a high the previous week. The combined net long positions for Brent and WTI rose by +39k to 336k according to the Commitments of Traders data released on Friday.
- ICE Gasoil net long positions increased to the highest since November. Nymex gasoline net longs also edged higher on the week but Nymex diesel positions fell.
- ICE Brent net longs fell by -19k to +208k
- Nymex WTI net longs increased by +44k to +134k
- ICE Gasoil increased by +9k to +20k
- Nymex diesel fell by -6k to +17k
- Nymex gasoline increased by +8k to +67k
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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