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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 POSITIONING
Crude oil managed money net long positions in WTI increased to the highest since November while Brent positions held onto the gains from last week according to Commitments of Traders data released on Friday. WTI bearish short positions fell to the lowest since October following a peak in March.
- Managed money net long positions in ICE Gasoil fell to the lowest since Dec 2020 with weak demand, strong Russian exports and returning refineries weighing on diesel futures.
- ICE Brent net longs fell by -0k to 234k.
- Nymex WTI net longs increased by +22k to 198k.
- ICE Gasoil fell by -3k to 17k.
- Nymex diesel increased by +4k to 17k.
- Nymex gasoline increased by +13k to 62k.
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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