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Crude Futures Marginally Lower In Asia


Some tech-driven weakness in U.S. e-mini futures has applied light weight to crude oil futures since Wednesday’s settlement, although both WTI & Brent have recovered from worst levels, to trade down ~$0.30 & ~$0.20, respectively, at typing. A reminder that Wednesday’s OPEC+ meeting resulted in the widely expected and pre-prescribed 400K bpd cumulative production hike for March, with plenty of questions apparent re: some of the pact’s participants’ ability to meet their individual production quotas.

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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