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
ICE Gasoil futures open interest dips to the lowest since early June at 691k after falling from a peak in early August at 740k. Aggregate open interest had trended higher throughout H1 2023 before holding steady during July and August.
- ICE Brent open interest has recovered from a recent low of 2.175m back to the amount seen in early August around 2.25m.
- Nymex WTI open interest has also seen a recovery higher back to 1.75m after falling from 1.95m to 1.62m from June to August.
- Nymex gasoline open interest has remained relatively unchanged for the last couple of months and currently at 374k.
- Open interest for crude and Gasoil remains well below the levels seen in early 2021 after the significant decline to lows at the end of 2022.
- Daily traded volumes across all market have dipped in the last couple of days below the average seen of the previous 30 days after seeing higher volumes trade amid the Saudi and Russia crude announcements on 5 Sep.
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