Free Trial
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.
OIL
Crude extends the recent rally after the OPEC monthly oil market report shows demand predictions are largely unchanged from last month.
- The OPEC data suggests a global oil market shortfall of 3mbpd in Q4 if the group maintains production at the current levels of 27.45mbpd. The report shows a world oil demand and supply balance of 30.71mbpd in Q4 2023.
- Front month Brent is trading at the highest since November and Dec23-Dec24 the highest since June 2022.
- Brent NOV 23 up 1.4% at 91.87$/bbl
- WTI OCT 23 up 1.6% at 88.69$/bbl
- WTI-Brent up 0.05$/bbl at -3.88$/bbl
- Brent NOV 23-DEC 23 up 0.12$/bbl at 0.72$/bbl
- Brent DEC 23-DEC 24 up 0.51$/bbl at 7.68$/bbl
- WTI OCT 23-NOV 23 up 0.08$/bbl at 0.71$/bbl
- WTI DEC 23-DEC 24 up 0.57$/bbl at 8.2$/bbl
Source: OPEC MOMR
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok