Free Trial

Crude Futures On Track For Weekly & Monthly Gain

OIL

Oil is higher again on Friday, on track for a sixth straight day of gains and upside of almost 6% this week and over 7.5% on the month, the fifth gain in the last six months. WTI is $0.38 up from settlement levels at $67.23/bbl, while Brent is up $0.18 at $69.64/bbl. The benchmarks are slightly below yesterday's highs which denoted the highest in two years. Markets look ahead to the OPEC_ meeting next week, and the outcome of negotiations between Iran and world powers which could result in an increase in Iranian supply.

To read the full story

Close

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.