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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 POSITIONING
Money managers increased net long crude positions last week to reverse some of the decline seen in the previous couple of weeks with Middle East risks set against global demand growth concerns.
- The combined net long positions for Brent and WTI rose by 62k to 242k according to the Commitments of Traders data released on Friday.
- ICE Gasoil held a marginal net short again after declining to the most bearish since June 2023 the previous week. The Nymex diesel short position reduced slightly after last week showing the most bearish since March 2020.
- Nymex gasoline net longs hold near the most bearish since 2017.
- ICE Brent net longs increased by 44k to +70k
- Nymex WTI increased by 12k to +201k
- ICE Gasoil increased by 3k to -0.3k
- Nymex diesel increased by 4k to -20k
- Nymex gasoline increased by 6k to +14k
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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