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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
Brent crude aggregate open interest has fallen this week to the lowest since mid May as the market weighs rising Middle East tensions against demand growth concerns amid weaker manufacturing activity in Aisa, Europe and the US.
- Brent open interest fell to a low of 2.387m on July 30 while aggregate traded volumes have averaged above normal at 1.17m so far this week despite a dip to 0.99m yesterday. Options volumes have averaged 254k driven by call options trades as volatilities have surge higher this week to cover upside risks.
- The WTI open interest is at 1.82m and just below the highest since June 2023 seen in late July. Strong aggregate futures traded volumes have been seen with an average of 1.01m this week while options volumes have averaged 184k.
- ICE Gasoil open interest remains steady at 0.909m but below the highs from early July. Gasoil traded volumes have averaged near normal at 297k so far this week.
- Nymex RBOB aggregate open interest has been drifting lower since a high in April down to 0.379m with volumes this week averaging 217k.
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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