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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 managed money net long positions edged higher again last week to the highest since March 2022 according to Commitments of Traders data released on Friday. The combined net long positions for Brent and WTI increased by +2k to 524k with WTI the highest since Nov 2021 although Brent eased down from a high last week.
- ICE Gasoil net long positions drifted lower again to the least bullish in ten weeks but Nymex diesel was again slightly higher on the week. Nymex gasoline net longs fell to least bullish since early July.
- ICE Brent net longs fell by -22k to 244k
- Nymex WTI net longs increased by +20k to 314k
- ICE Gasoil fell by -10k to +49k
- Nymex diesel increased by +2k to +38k
- Nymex gasoline fell by -13k to 51k
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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