Free Trial
US TSYS

Very Modest Bid Seen

CHINA RATES

China Repo Rates Rise Friday

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
OIL

Oil is higher again in Asia-Pac trade on Tuesday; WTI is up $1.34 from settlement at $67.66/bbl while Brent is up $0.92 at $70.24. Markets are focusing on comments from the OPEC+ group who see tighter conditions in the oil market according to its latest communication. The group meets later today and ahead of the meeting has said that the stockpile glut built up during the pandemic has almost been used up and expects inventories to reduce in the second half of the year. The group is expected to confirm the supply increase due for July which would complete the return of 2m bpd since May. Elsewhere, there were reports that Nigeria's NNPC are looking to purchase stakes in six private refineries to meet requirements in a government directive.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.