Free Trial

Brent, WTI Lower as OPEC+ Fail to Decide on Supply Plans

COMMODITIES

After holding their ground for much of early Tuesday, WTI and Brent crude futures turned lower into the NY close as the OPEC+ committee meeting failed to reach an agreement on any delay to their current output hike plans. They meet again in around two week's time - at which markets still expect OPEC+ to take the step, curbing supply for a further six months.

Gold and silver were largely flat, with any support from fading equity markets faltering as the greenback held its ground.

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.