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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
Managed money net long positions in Nymex WTI followed the move in ICE Brent lower according to the delayed commitment of traders data released yesterday. Bullish positions have reduced due to the uncertainty over the impact of the oil price cap on Russian crude supplies and with Chinese oil demand looking weaker due to rising covid restrictions. Net long positioning for Nymex diesel and gasoline both increased slightly with diesel the highest since the end of August.
- Nymex WTI net longs increased by -20k to 172k.
- Nymex diesel increased by +2k to 30k.
- Nymex gasoline fell by +3k to 60k.
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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