Trial now
PORTUGAL AUCTION PREVIEW

Exchange Operation Announced

US TSY OPTIONS

10Y Put Sale

GBP

Some reversal in the Pound

GILT PAOF RESULTS

PAOF of the 0.375% Oct-26 Gilt not taken up

US EURODLR OPTIONS

Overnight Trade Recap

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

WTI & Brent futures have added ~$0.40 to settlement levels, building on 2 sessions of gains. Monday's rally was aided by the continued issues re: getting U.S. Gulf supply back online in the wake of hurricane Ida, with a bullish sell-side note from Goldman Sachs no doubt helping the bid. The U.S. Gulf dynamic is feeding into the tight supply mantra, and the impact on prices was compounded by the latest OPEC report, released Monday, which revealed an uptick in the cartel's global demand forecasts. The latest round of weekly API crude inventory estimates will headline on Tuesday.