MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Crude Extends Gains for a Third Day

OIL

Crude extends gains to rise for a third day supported by short term supply disruptions and a weaker US dollar after less hawkish comments than feared from US Fed Chair Powell yesterday.

  • An Iranian official said earlier today that OPEC would likely continue with the current production policy adding that oil demand will increase due to the China reopening to push prices up to 100$/bbl in 2H 2023.
  • The higher OSP prices to Asia from Saudi Arabia earlier this week and a draw in API stocks compared to expectation of a small build in EIA data due for release later were also supportive.
    • Brent APR 23 up 1% at 84.53$/bbl
    • WTI MAR 23 up 1.3% at 78.11$/bbl
    • WTI-Brent up 0.11$/bbl at -6.19$/bbl
    • Brent APR 23-MAY 23 up 0.05$/bbl at 0.37$/bbl
    • Brent JUN 23-DEC 23 up 0.13$/bbl at 2.89$/bbl
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.