Free Trial

Crude Extends Decline on Demand Concern


Crude extends fall with uncertainty over OPEC+ plans at their next meeting and with Iraq supply unchanged despite protests. Easing supply risks have switched focus back to the global economic growth and oil demand concerns.

  • There is the possibility of hints for OPEC intentions following the JTC meeting today although they do not normally discuss production policy.
    • Brent NOV 22 down -2.6% at 95.26$/bbl
    • WTI OCT 22 down -2.7% at 89.17$/bbl
    • Gasoil SEP 22 down -0.4% at 1117.5$/mt
    • WTI-Brent up 0.62$/bbl at -7.17$/bbl
    • Brent NOV 22-DEC 22 down -0.12$/bbl at 1.26$/bbl
    • Brent DEC 22-DEC 23 down -1.31$/bbl at 9.37$/bbl

To read the full story



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.