Free Trial

(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play


(M2) Gains Still Considered Corrective

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

Crude Futures Under Pressure


Oil is lower in Asia on Wednesday but still inside yesterday's range after a flat finish on Tuesday; WTI is down $0.21 from settlement levels at $65.86/bbl, Brent is down $0.17 at $68.48/bbl. Data late yesterday from API showed headline US crude stocks fell by 439k bbls, while gasoline stocks fell 2m bbls, and crude stocks at Cushing fell 1.2m bbls. Talks between Iran and world powers continue in Vienna, E.A. Gibson Shipbrokers estimate Iran could have up to 69m bbls of crude in tankers at sea. Elsewhere Nigeria signed a deal for investment in an offshore oil field with Shell, Exxon, Total and Eni for a production sharing contract which could take capacity at the field to around 350k bpd from 200k bpd currently.

To read the full story

Why Subscribe to

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.