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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
Crude oil managed money net long positions in Brent and WTI increased last week by +37k to 261k according to Commitments of Traders data released on Friday.
- ICE Brent positions declined again but Nymex WTI net longs rebounded slightly following the large fall the previous week. ICE Brent net longs are the lowest since early January.
- Oil product positions increased with Nymex diesel and gasoline recovering from the previous week’s decline.
- ICE Brent net longs fell by -9k to 161k.
- Nymex WTI net longs increased by +42k to 113k.
- ICE Gasoil increased by +2k to 24k.
- Nymex diesel increased by +5k to 16k.
- Nymex gasoline increased by +14k to 50k.
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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