FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL POSITIONING: Funds Raise Crude Net Longs to Highset Since Early August

OIL POSITIONING
BulletEnergy BulletsCommodities

Money managers increased net long crude positions to the highest since early August with the market focused on upside risks from potential Middle East supply disruption. The combined net long positions for Brent and WTI for the week to Oct. 8 rose by 117k to 263k according to the Commitments of Traders data released on Friday.

  • Funds also reduced the bearish ICE Gasoil and Nymex diesel positioning again in the week after both had showed the largest net short on record in mid September.
  • Net long positioning for Nymex gasoline increased to the highest since May 21.
    • ICE Brent increased by 123k to +165k
    • Nymex WTI fell by 4k to +137k
    • ICE Gasoil increased by 32k to -24k
    • Nymex diesel increased by 21k to -19k
    • Nymex gasoline increased by 14k to +39k

 

Keep reading...Show less
127 words

To read the full story

Close

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.

Money managers increased net long crude positions to the highest since early August with the market focused on upside risks from potential Middle East supply disruption. The combined net long positions for Brent and WTI for the week to Oct. 8 rose by 117k to 263k according to the Commitments of Traders data released on Friday.

  • Funds also reduced the bearish ICE Gasoil and Nymex diesel positioning again in the week after both had showed the largest net short on record in mid September.
  • Net long positioning for Nymex gasoline increased to the highest since May 21.
    • ICE Brent increased by 123k to +165k
    • Nymex WTI fell by 4k to +137k
    • ICE Gasoil increased by 32k to -24k
    • Nymex diesel increased by 21k to -19k
    • Nymex gasoline increased by 14k to +39k

 

Keep reading...Show less