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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
MNI ASIA MARKETS ANALYSIS:Waiting For Next Inflation Shoe Drop
Key Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
Crude Edges Positive on the Day After IEA Raise 2023 Oil Demand Forecast
Crude oil edges back positive on the day after IEA earlier revised up its global oil demand forecast for this year to 102.2mbpd.
- OPEC yesterday kept its global oil demand forecast stable for this year at 102mbpd but showed a supply deficit of more than 2mbpd in Q3.
- The market continues to assess the impact of tighter supplies from OPEC+ supply cuts, recent tensions in the Black Sea as well as US and China economic uncertainties.
- Time spreads are also edging back up with the curve backwardation still strong despite a pull back yesterday.
- Brent OCT 23 up 0.4% at 86.75$/bbl
- WTI SEP 23 up 0.4% at 83.13$/bbl
- WTI-Brent down -0.09$/bbl at -4.14$/bbl
- Brent OCT 23-NOV 23 up 0.05$/bbl at 0.61$/bbl
- Brent DEC 23-DEC 24 up 0.03$/bbl at 5.01$/bbl
- WTI SEP 23-OCT 23 unchanged at 0.53$/bbl
- WTI DEC 23-DEC 24 up 0.04$/bbl at 5.51$/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.