Free Trial
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.
OIL POSITIONING
Crude oil managed money net long positions increased again this week with WTI near the highest since Jul 2022 driven by the potential for a tighter market in the second half of this year. Managed money net long positions in ICE Gasoil held near the low from last week while short only positions were up to the highest since Dec 2020. Diesel margins are still trending lower due to weak demand and increasing output.
- The combined net long positions for Brent and WTI increased by 20k to the most bullish in six weeks to 444k.
- ICE Brent net longs increase by +8k to 242k.
- Nymex WTI net longs increased by +14k to 212k.
- ICE Gasoil increased by +1k to 18k.
- Nymex diesel fell by -3k to 14k.
- Nymex gasoline increased by +2k to 65k
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok