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 POSITIONING
Managed money net long crude positions last week fell to the lowest since Feb. 9 amid the easing geopolitical risk premium and global demand concerns ahead of the OPEC+ meeting at the start of June. The combined net long positions for Brent and WTI decreased by 111k to 349k according to the Commitments of Traders data released on Friday.
- ICE Gasoil net long fund positioning also fell to the lowest since January although Nymex diesel edged higher after a declining net long trend seen for the last couple of months. Nymex gasoline showed the smallest net long fund position since November.
- ICE Brent net longs fell by 60k to +261k
- Nymex WTI fell by 55k to +118k
- ICE Gasoil fell by 17k to +33k
- Nymex diesel increased by 5k to +3k
- Nymex gasoline fell by 19k to +49k
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