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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 positions in crude and gasoil decreased with ICE Gasoil falling to the lowest since Nov 2020.
- Net longs positions have been gradually trending lower this year on low liquidity and increasing demand concerns although crude positions have stabilised in recent weeks. Uncertainty over supplies from OPEC and with Russian sanctions have provided some support to crude prices over the last week.
- Nymex WTI net longs fell by -23k to 170k.
- ICE Brent net longs fell by -4k to 158k.
- ICE Gasoil fell by -3k to 44k.
- Nymex diesel increased by +4k to 12k.
- Nymex gasoline unchanged at 52k.
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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