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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Crude Extends Gains on Tight Supply and Possible Easing of China Restrictions
Crude extends gains on the potential for the easing of quarantine restrictions in China and tight supply concerns.
- The prompt Brent spread has risen to the highest since July on concerns for future Russia supplies and with OPEC+ cuts in November and December. Downside pressure continues due to the economic slowdown concerns.
- US yesterday announced the release of the last 15mbbls from the planned SPR reserves but has not yet announced any further releases or product export restrictions. The US also plans to restock the SPR at or below about $67-$72/bbl with fixed price contracts for future delivery in 2024 or 2025.
- Brent DEC 22 up 2.1% at 94.34$/bbl
- WTI DEC 22 up 2.6% at 86.75$/bbl
- WTI-Brent down -0.05$/bbl at -7.6$/bbl
- Brent DEC 22-JAN 23 up 0.23$/bbl at 2.08$/bbl
- Brent JAN 23-FEB 23 up 0.18$/bbl at 1.89$/bbl
- Brent DEC 22-DEC 23 up 1.17$/bbl at 12.63$/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.