Free Trial

Crude A Touch Firmer Alongside Equities

OIL

The uptick in global equity indices supported crude in Asia-Pac trade, although WTI & Brent moved back from best levels of the day as the DXY recovered from worst levels, leaving the benchmarks $0.20 to $0.25 above their respective settlement levels at typing. The broader global COVID trends remain key re: the demand side of the equation. Elsewhere, Wednesday saw the release of the latest round of weekly DoE inventory data from the U.S., with crude and gasoline stocks registering surprise, albeit modest, builds while distillate stocks experienced a much sharper than expected drawdown.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.