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OIL
Managed money net longs in Nymex WTI crude reduced to the lowest in more than two years according to data released late on Friday.
- Nymex WTI net longs fell by -23k to 192k, other reportables bounced from lowest since 21015 last week, +23k to 117k.
- ICE Brent net longs fell by -6k to 160k. Nymex Brent +6.6k to +3k.
- ICE Gasoil fell by -1.3k to 53.5k.
- Nymex gasoline increase by 6k to 56k.
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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