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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
OIL POSITIONING – Money managers net long crude positions fell last week with Brent to the least bullish since Sep 2014 after the OPEC+ decision to gradually return some supplies from Q4. The combined net long positions for Brent and WTI fell by 152k to 176k according to the Commitments of Traders data released on Friday.
- ICE Gasoil net long fund positioning fell to the least bullish since January and Nymex diesel fell to a net short position and the most bearish since November 2020 as EIA data shows demand remains below seasonal norms.
- The Nymex gasoline net long fund positions fell again to the least bullish since October.
- ICE Brent net longs fell by 102k to +46k
- Nymex WTI fell by 49k to +152k
- ICE Gasoil fell by 23k to +20k
- Nymex diesel fell by 15k to -4k
- Nymex gasoline fell by 6k 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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