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 open interest has fallen to the lowest since Jan 2015 according to the latest data.
- Aggregate open interest is down to just 0.464m compared to a peak of 1.077m in June last year. After falling on the high market volatility and uncertainty earlier this year the level had stabilised but has seen a fresh decline this month.
- Uncertainty over Russian oil supplies later this year and into next and refineries struggling to meet demand and restock supplies are maintaining high market volatility currently around 56%.
- Brent open interest is also drifting back after seeing a recovery in September while WTI open interest is still 33% below a 2021 peak.
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