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Increase in Diesel and Gasoline Bullish Positions

OIL

Money manager net longs have increased for ICE Brent, Nymex diesel and gasoline but fallen for WTI. Commitment of Traders data released after the close on Friday showed positions for 14th June.

  • Net longs for diesel were the highest in 15 weeks at 18.9k and for gasoline were up to 59.3k. Positions reduced significantly in March but have since picked up as the strength in refined products has combined with reduced oil market volatility.
  • ICE Brent net longs increased by 10.5 k to 239k. Positions are nearly as high as seen earlier this year in Jan and Feb.
  • Nymex WTI net longs however reduced by 18.9k to 266k with concerns for US inflation reducing the bullish sentiment in WTI.
Energy BulletsCommodities
Energy BulletsCommodities

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