JUSTIN TRUDEAU TO STEP DOWN AS CANADA LIBERAL LEADER AND PM

MNI: US FINAL DEC SRVICES PMI 56.8 (FLASH 58.5); NOV 56.1

CANADA'S TRUDEAU TO MAKE ANNOUNCEMENT AT 1045AM EST

MNI China Daily Summary: Monday, January 6

MNI INTERVIEW2: China Central Gov Should Buy Unsold Houses

MNI China Press Digest Jan 6: PBOC Bills, Yuan, Capital Market

MNI: US NOV FACTORY ORDERS -0.4%; EX-TRANSPORT NEW ORDERS +0.2%

MNI: GERMANY DEC CPI +2.6% Y/Y

MNI: GERMANY DEC FLASH HICP 0.7% M/M (0.5% FCST)

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL: Brent Hits Highest Since Early November

OIL
EM BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

Our commodities team notes that Brent crude oil futures have hit the highest level since early November.

  • Geopolitical risks seem to be driving the rally, with a focus on uncertainty of the impact of the Trump presidency on U.S. and Iranian oil output, as well as heightened tariff risks.
  • They also note that some analysts expect further delays to the return of OPEC+ supplies during 2025 with increases in non-OPEC supply enough to cover soft global demand growth.
76 words

To read the full story

Close

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.

Our commodities team notes that Brent crude oil futures have hit the highest level since early November.

  • Geopolitical risks seem to be driving the rally, with a focus on uncertainty of the impact of the Trump presidency on U.S. and Iranian oil output, as well as heightened tariff risks.
  • They also note that some analysts expect further delays to the return of OPEC+ supplies during 2025 with increases in non-OPEC supply enough to cover soft global demand growth.