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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
Commitment of Traders data suggests increased crude upside interest
- Nymex WTI COT data showed money manager net longs increased 35k to 285k; a significant increase from near the lowest levels seen since Apr20 last week.
- ICE Brent COT net longs increase 24k to 184k was also a noticeable increase from recent low levels.
- ICE Gasoil net longs however fell 7k to 73k the lowest since Dec20.
- The graph below shows the Nymex WTI managed money net long position for future and options:
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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