◂ Gebeurtenissenverloop

4 jul 2022BELEIDVS

Funds slash bullish bets on oil products amid ban talk, Goldman advises ULSD hedge

Money managers cut net long positions in US gasoline and diesel contracts by about 20%. The reduction came amid talk of a possible ban on oil product exports, and Goldman Sachs advised hedging ULSD exposure.

WAAROM HET ER TOE DOET

Possible export restrictions on US products would keep domestic diesel supply higher and weigh on US prices relative to global markets. Fund liquidation adds downward pressure on near-term futures.

BETREFTULSD / Diesel▼

BRON
qcintel.com4 jul 2022

Koersreactie & historie

ULSD / Diesel▼neerwaartsTOT NU TOE1d -9,0%5d -4,4%20d -12,7%

Na 21 eerdere neerwaarts beleid-gebeurtenissen bewoog ULSD / Diesel zich mediaan -2,4% over 5 sessies (38% hoger; middelste helft -6,5% tot +4,7%), en -1,1% over 20.

4 dec 2022OPEC Plus opts against cutting production as oil prices fall - The Washington Post-12,5%
1 jun 2021OPEC to raise oil production in July, stays mum on what’s next+3,6%
23 mrt 2026U.S. to bring more diesel to market to address fuel prices: Wright-2,4%
31 mrt 2022OIL FUTURES: US SPR release, OPEC+ output hike send crude sharply lower | S&P Global-8,3%
24 nov 2021Reserve oil being released into market that may have peaked - FreightWaves-13,2%

Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.

Gekoppelde prijsbewegingen

ULSD / Diesel-17,6%5 perioden tot 6 jul 2022-3,2σ
Funds cut net longs in diesel and gasoline by about 20% amid export-ban talk, so positioning liquidation added selling pressure on ULSD.

ULSD / Diesel DIESEL · GP ▸

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