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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 maintaining just above previous support levels from earlier after 8% fall since the peak during the day on Friday.
- Time spreads are extending their decline as market fears for tight supply reduce. Resilient Russian supply combined with aims from OPEC members such as Nigeria and Libya to boost supplies are helping to ease forward curve backwardation.
- Brent OCT 22 down -5% at 93.22$/bbl
- WTI SEP 22 down -5.3% at 87.2$/bbl
- WTI-Brent up 0.17$/bbl at -6.55$/bbl
- Brent OCT 22-NOV 22 down -0.3$/bbl at 0.95$/bbl
- Brent DEC 22-DEC 23 down -1.3$/bbl at 6.64$/bbl
Source: Bloomberg
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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