Free Trial
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.
OIL
Money managers reduced their Nymex WTI net long positions in CFTC data released late on Friday while ICE Brent net longs increased. Despite a slight recovery over the last couple of weeks, net longs position in crude are maintaining the downward trend since early 2021. Concerns over demand due to weaker economic growth are combining with high market uncertainty and volatility to drive volumes lower.
- Nymex WTI net longs fell by -11k to 173k.
- ICE Brent net longs increased by +17k to 172k.
- ICE Gasoil increase by +3k to 79k.
- Nymex gasoline fell by -8k to 58k.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok