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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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Free AccessCrude and Spreads Higher; OPEC Sees Robust Oil Demand
Brent time spreads follow flat price crude rally to recover most of the weekly losses
- The rally is driven by a recovery in US EIA demand yesterday and OPEC Secretary General reiterated their view that oil demand was robust and concern of Chinese economic slowdown was exaggerated.
- OPEC Secretary General said it was premature to say what OPEC+ will decide at the next meeting on Sep 5.
- Brent OCT 22 up 2.8% at 96.3$/bbl
- WTI SEP 22 up 2.7% at 90.52$/bbl
- Gasoil SEP 22 up 3.4% at 1077.25$/mt
- WTI-Brent down -0.15$/bbl at -6.21$/bbl
- Brent OCT 22-NOV 22 up 0.15$/bbl at 0.78$/bbl
- Brent DEC 22-DEC 23 up 1.18$/bbl at 7.8$/bbl
To read the full story
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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.