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OIL
Managed money net longs in Nymex WTI and ICE Brent crude and Gasoil reduced to the lowest since 2020 according to data released late on Friday.
- Nymex WTI net longs fell by -26k to 167k, the lowest since Apr 2020.
- ICE Brent net longs fell by -22k to 137k, the lowest since Nov 2020.
- ICE Gasoil fell by -4k to 50k, the lowest since Nov 2020.
- Nymex gasoline fell by -3k to 53k.
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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