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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 positions in ICE Brent fell to the lowest since mid August and near to the lowest since late 2020 according to the latest commitment of traders data released on Friday. Positions have pulled back with uncertainty over the impact of the oil price cap on Russian crude supplies and with Chinese oil demand looking weaker due to rising covid restrictions.
- ICE Gasoil positions also fell on the week to the lowest since September. CFTC data was delayed due to the US holidays last week and will be released later today.
- ICE Brent net longs increased by -71k to 138k.
- ICE Gasoil fell by -8k to 46k.
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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