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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
Managed money net long crude positions eased back slightly from the highest since March 2022 the previous week but remain strong amid uncertainty over geopolitical risks in the Middle East. The combined net long positions for Brent and WTI decreased by 6k to 523k according to the Commitments of Traders data released on Friday.
- Money managers are the most bullish on Brent since March 2021.
- Diesel and gasoline net long fund positioning both dipped lower on the week. Nymex diesel net long positioning is the smallest since May 2023.
- ICE Brent net longs increased by 31k to +335k
- Nymex WTI net longs fell by 34k to +204k
- ICE Gasoil fell by 11k to +81k
- Nymex diesel fell by 5k to +3k
- Nymex gasoline fell by 5k to +80k
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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