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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.
OIL
Crude and diesel are trading lower on the back of small builds in the EIA US stock data in line with last night’s API data and with weak demand.
- Small build in crude on the back on strong imports against high refinery runs as production once again remains unchanged.
- Build in products driven by low product supplied. Gasoline 4- week demand stayed low and distillate 4-week implied demand fell to the lowest seasonal level since 2012.
- Exports of crude, distillate and gasoline all remain well above normal.
- Brent NOV 22 down -0.3% at 90.33$/bbl
- WTI NOV 22 down -0.5% at 83.49$/bbl
- WTI NOV 22-DEC 22 down -0.11$/bbl at 0.55$/bbl
- WTI DEC 22-DEC 23 down -0.26$/bbl at 8.85$/bbl
- US 321 crack down -2.2$/bbl at 28.68$/bbl
- US gasoline crack up 0.5$/bbl at 17.03$/bbl
- US ULSD crack down -4.8$/bbl at 51.98$/bbl
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.
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