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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.
OIL
Oil market open interest continues to recover with ICE Brent up from 1.85m contracts at the start of the year to 2.169m and WTI up from 1.44m to 1.66m.
- Aggregate open interest remains well below levels of around 2.7m for Brent and 2.5m for WTI seen at the start of 2021 after a steady decline during 2021 and 2022.
- Crude futures prices are holding steady today just below yesterday close as the market weighs up the high demand and supply uncertainty.
- Brent MAR 23 down -0.3% at 85.9$/bbl
- WTI MAR 23 down -0.2% at 80$/bbl
- WTI-Brent up 0.19$/bbl at -5.9$/bbl
- Brent MAR 23-APR 23 up 0.04$/bbl at -0.08$/bbl
- Brent JUN 23-DEC 23 down -0.01$/bbl at 2.78$/bbl
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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