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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
Brent crude futures open interest falls back from the highest since October 2021 seen last week. ICE Brent is back at 2.267m from a high of 2.335m on 21 Sep. The end of this week has seen strong traded volumes with Brent averaging 1.58m on 27 and 28 Sep compared to the average for the month of 1.1m. ICE traded options volumes have been in line with the volumes seen throughout Sep so far.
- Nymex WTI open interest has however gained this week with concerns over low Cushing stocks driving higher futures prices. Interest is up to 1.777m from dipping down to 1.683m on 20 Sep. WTI aggregate futures traded volumes have also picked up in recent days to average 1.17m on 27 and 28 Sep after a dipping lower earlier this week as low as 0.7m. WTI options volumes have also increased slightly in the last couple of day.
- ICE Gasoil futures open interest remains strong at 0.717m with traded volumes averaging in line with the monthly average at 304k so far this week.
- Nymex ROB gasoline futures open interest has fallen down from 0.387m on 21 Sep to 0.338m. Aggregate future traded volumes have been just above normal at around 194k in the last few days compared to an average of 182k throughout Sep.
Source: MNI / 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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