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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 China Daily Summary: Wednesday, December 11
Crude Extends Gains on Supply Uncertainty and US Dollar Move
Brent extends gains as the markets weighs economic risks against global supply issues alongside a weaker dollar today.
- OPEC members are still underproducing relative to targets and high uncertainty exists regarding Russian supplies. The introduction of the EU ban on seaborne Russian crude may impact on Russia’s ability to find buyers and Russia have already stated that they will not supply oil to nations supporting the price cap plan.
- Brent NOV 22 up 2.1% at 94.83$/bbl
- WTI OCT 22 up 2.2% at 88.7$/bbl
- Gasoil OCT 22 up 2.3% at 1083.75$/mt
- WTI-Brent down -0.11$/bbl at -6.58$/bbl
- Brent NOV 22-DEC 22 up 0.14$/bbl at 1.27$/bbl
- Brent DEC 22-DEC 23 up 0.68$/bbl at 9.87$/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.