MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: German Insolvency Rate Slows, 2025 Pickup Expected

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

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 Diesel Short Positions to Most Bearish on Record

OIL POSITIONING
BulletEnergy BulletsCommodities

Money managers raised net long crude positions slightly last week from the record low the previous week, but Brent still maintains a small net short position. The combined net long positions for Brent and WTI for the week to Sept. 17 rose by 37k to 90k according to the Commitments of Traders data released on Friday.

  • Funds increased ICE Gasoil and Nymex diesel net short positioning again with both now showing the most bearish on record.
  • Net long positioning for Nymex gasoline however edged higher from the least bullish since 2017 the previous week.
    • ICE Brent increased by 5k to -8k
    • Nymex WTI increased by 28k to +133k
    • ICE Gasoil fell by 8k to -73k
    • Nymex diesel fell by 7k to -45k
    • Nymex gasoline increased by 3k to +8k

 

Keep reading...Show less
125 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 raised net long crude positions slightly last week from the record low the previous week, but Brent still maintains a small net short position. The combined net long positions for Brent and WTI for the week to Sept. 17 rose by 37k to 90k according to the Commitments of Traders data released on Friday.

  • Funds increased ICE Gasoil and Nymex diesel net short positioning again with both now showing the most bearish on record.
  • Net long positioning for Nymex gasoline however edged higher from the least bullish since 2017 the previous week.
    • ICE Brent increased by 5k to -8k
    • Nymex WTI increased by 28k to +133k
    • ICE Gasoil fell by 8k to -73k
    • Nymex diesel fell by 7k to -45k
    • Nymex gasoline increased by 3k to +8k

 

Keep reading...Show less