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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.
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Free AccessMNI US Macro Weekly: Politics To The Fore
MNI Credit Weekly: Le Vendredi Noir
A continuation of Wednesday's risk-off theme....>
OIL: A continuation of Wednesday's risk-off theme allowed crude to edge lower in
Asia-Pac hours, with WTI & Brent both running ~$0.30 below their respective
settlement levels at typing.
- This comes after the benchmarks shed over $2.00 apiece come Wednesday's
settlement, with U.S. equity markets coming under pressure on factors we have
covered elsewhere, alongside heightened worry re: oil demand on the back of
recent COVID-19 developments in the U.S.
- Elsewhere, the latest DoE inventory report saw a larger than expected build in
headline crude stocks, albeit shallower than that seen in the API estimate, as
well as a surprise, modest build in distillate stocks and an inline with
expectations drawdown in gasoline stocks. There was also a notable 500K bpd
uptick in U.S. crude production in the most recent week.
To read the full story
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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.