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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 fell last week back to levels seen in August according to Commitments of Traders data released on Friday. The combined net long positions for Brent and WTI decreased by -102k to 390k with ICE Brent down to the lowest since May.
- Diesel net long positions also fell with ICE Gasoil falling to the least bullish in 14 weeks while Nymex diesel net longs were at a 10 week low. Nymex gasoline net longs are the least bullish since Nov 2020.
- ICE Brent net longs fell by -65k to 153k
- Nymex WTI net longs fell by -38k to 269k
- ICE Gasoil fell by -17k to +32k
- Nymex diesel fell by -7k to +32k
- Nymex gasoline fell by -15k to 33k
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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