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Free AccessCrude Bounces Positive in Volatile Trading
Crude rebounds positive on the day erasing earlier losses. Markets remain volatile with uncertainty of both demand and supply.
- Concern for a global slowdown and weak Chinese oil demand this year adds to downside pressures while potential missing Russian barrels adds upside risks.
- Despite the flat price moves the times spreads have remained steady on the day.
- Brent DEC 22 up 0.2% at 93.65$/bbl
- WTI DEC 22 up 0.1% at 85.13$/bbl
- Gasoil NOV 22 up 3.7% at 1089.75$/mt
- WTI-Brent down -0.15$/bbl at -8.53$/bbl
- Brent DEC 22-JAN 23 down -0.08$/bbl at 2.08$/bbl
- Brent JAN 23-FEB 23 down -0.02$/bbl at 1.87$/bbl
- Brent DEC 22-DEC 23 down -0.03$/bbl at 12.76$/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.