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Oil Open Interest Increases to Highest Since June

OIL

Oil market liquidity is showing signs of recovery this year with aggregate open interest in WTI, Brent and Gasoil all picking up.

  • Open interest across all main oil futures contracts reached the highest since June at the end of last week at 5.238m contracts. Brent aggregate open interest increased to the highest since Oct 25 at 2.036m contracts up from 1.75m in early Dec.
  • Nymex WTI aggregate open interest has increased from a low of around 1.4m late in December up to 1.6m.
  • Gasoil open interest has increased from 0.46m in Dec to 0.517m contracts.


Source: Bloomberg

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