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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
Aggregate WTI crude futures open interest continues to rise to the highest since early October to extend the trend seen throughout January. WTI open interest has risen from a low of 1.56m in early Jan up to 1.777m yesterday.
- ICE Brent aggregate open interest has also resumed the trend higher seen in the first half of January rising to the highest since the start of November at 2.25m this week.
- The Brent aggregate daily traded futures volume have averaged above normal this week at around 1.14m after rising to 1.43m yesterday as future prices traded lower in reaction to Gaza ceasefire headlines which were later withdrawn. WTI traded volumes were slightly below normal earlier this week but also rose yesterday to 1.29m
- The increase in ICE Gasoil open interest since mid November has stalled this week with aggregate futures interest holding just below the recent high of 0.81m seen on Jan 25. Daily aggregate traded volumes however remain high with futures yesterday up at 568k and options up at 3.66k driven by call trade volumes.
- Nymex RBOB gasoline futures open interest has held steady this week at around 0.371m yesterday while daily futures volumes have averaged up at 195k this week.
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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