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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 with Brent the most bullish since September amid rising Middle East tensions and Red Sea diversions due to Houthi rebel attacks. The combined net long positions for Brent and WTI increased by +52k to 298k according to the Commitments of Traders data released on Friday.
- ICE Gasoil net long positions dipped slightly amid weak demand while Nymex diesel rose and Nymex gasoline decreased.
- ICE Brent net longs increased by -+39k to +209k
- Nymex WTI net longs increased by +22k to +111k
- ICE Gasoil fell by -1k to +8k
- Nymex diesel increased by +7k to +26k
- Nymex gasoline fell by -7k to +62k
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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