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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
ICE Brent crude managed money net long positions maintained the recent strength to hold just below the highest since Oct 2021 on 14 Feb according to Commitments of Traders data released on Friday.
- ICE Gasoil positions showed a small increase on the week but are still near the lowest since late 2020.
- The CFTC market positioning data is still catching up from the delays seen in February but data for 7 Feb showed Nymex WTI net longs relatively steady since August.
- ICE Brent net longs increased by +9k to 286k. (28 Feb)
- Nymex WTI net longs increased by -10k to 175k. (7 Feb)
- ICE Gasoil increased by +5k to 39k. (28 Feb)
- Nymex diesel fell by -9k to 13k. (7 Feb)
- Nymex gasoline fell by -10k to 58k. (7 Feb)
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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