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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 is once again increasing up to 2.54m and towards the highs from mid April as the market assess the impact of the future OPEC production plan, US Fed rates cut of potentially just one this year and China demand uncertainty.
- ICE Brent aggregate open interest reached a high of 2.572m in April.
- WTI open interest is however slightly down this week to 1.767m from a high of 1.854m in early May.
- Aggregate crude traded volumes have held near normal with Brent averaging 1.02m this week and with options volumes of 164k. The WTI aggregate futures traded volume has averaged 0.95m and options 143k this week.
- ICE Gasoil has open interest has ticked higher in recent days to 0.892m but just below the high of 0.899m on June 3. Gasoil traded volumes have averaged slightly above normal this week at 366k.
- Nymex RBOB aggregate open interest has also risen to 0.405m to reverse some of the decline seen during late April and May. RBOB volumes have also averaged above normal this week at 190k.
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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