Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Crude Extends Decline on Stronger USD


Crude and spreads continues to pull back as the US dollar strengthens with the market focused on oil demand growth concerns.

  • Front month Brent is down 8% from a high of around 88.9$/bbl on 27 Jan and the Dec23-Dec24 spread has fallen from nearly 6$/bbl back to 3.8$/bbl during the same period.
    • Brent APR 23 down -1.6% at 81.54$/bbl
    • WTI MAR 23 down -1.6% at 75.18$/bbl
    • WTI-Brent down -0.01$/bbl at -6.03$/bbl
    • Brent APR 23-MAY 23 down -0.13$/bbl at 0.13$/bbl
    • Brent MAY 23-JUN 23 down -0.1$/bbl at 0.32$/bbl
    • Brent JUN 23-DEC 23 down -0.26$/bbl at 2.34$/bbl
    • Brent DEC 23-DEC 24 down -0.39$/bbl at 3.78$/bbl

To read the full story

Why Subscribe to


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.