November 18, 2024 14:59 GMT
BONDS: Bid In Crude Limits Recovery
BONDS
An uptick in crude oil futures seems to limit the recovery from lows in core global FI markets.
- Fresh session highs for both Brent & WTI, with the former piercing Friday’s high.
- Our commodities team points to the downtick in the USD as a contributary factor for the bid in in oil and we are looking for more to explain the move. Kazakh supply/maintenance issues also seem to filter in at the margin.
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