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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
Crude oil managed money net long positions fell with the potential for a tighter market in the second half of this year offset by recessionary and global demand concerns according to Commitments of Traders data released on Friday.
- US diesel managed money net long positions fell to the lowest since Jan 2021 and ICE Gasoil switched to a net short position.
- The combined net long positions for Brent and WTI fell by 52k to the least bullish in four weeks to 392k.
- ICE Brent net longs fell by -35k to 207k.
- Nymex WTI net longs fell by -20k to 193k.
- ICE Gasoil fell by -19k to -1k.
- Nymex diesel fell by -6k to 8k.
- Nymex gasoline fell by -13k to 52k
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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