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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
Aggregate open interest in oil markets has risen so far this year with ICE Gasoil the highest since Jan 2022.
- ICE Gasoil futures open interest was gradually rising from a low of 0.606m in early November before surging even higher this month up to 0.752m on Friday. Daily aggregate traded volumes on ICE Gasoil also jumped last week up to 522k on Jan 12 compared to an average of 249k per day in December.
- ICE Brent aggregate open interest has also risen to the highest since October at 2.17m from 2.02m at the start of the year. Brent aggregate traded futures volumes were on Friday the highest since Dec 6 at 1.27m with options up to 247k driven by a surge in call volumes.
- WTI open interest has edged slightly higher back up to 1.625m after a decline in December while daily aggregate traded volumes also increased last week with futures up to 1.0m and options to 201k on Jan 12.
- Nymex RBOB gasoline futures open interest is the highest since September at 0.354mwith daily futures volumes last week averaging 182k.
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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