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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
Brent aggregate open interest has ticked down slightly after reaching a high of 2.57m on April 18 and following an increasing trend in place since the start of the year. WTI open interest has however remained relatively stable throughout April so far.
- ICE Brent aggregate open interest was yesterday at 2.519m while WTI was at 1.778m. Futures trading volumes have slowed this week after the strong levels seen the previous week. The Brent aggregate volume was down at 0.98m yesterday compared to an average of 1.34m last week. WTI volumes are also down at 0.716m yesterday from a high of 1.25m on April 19.
- ICE Gasoil open interest has risen to the highest since November 2021 at 0.862m yesterday and compared to around 0.6m in November last year. Gasoil volumes have also drifted lower this week to 263k yesterday from an average of 375k last week.
- Nymex RBOB aggregate open interest has held relatively steady in the last week at 0.414m yesterday while traded volumes have followed the wider market trend back to 176k yesterday.
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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