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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.
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Free AccessCrude Higher on Supply Risks and Chinese Demand
Crude pushing higher on Russia supply concerns and potential extra demand from China.
- Several Chinese refiners are suggesting an increase in run rates in October with China considering up to 15m tons of additional refined product export quotas.
- Time spreads are holding steady with longer dated spreads edging higher this week while the prompt spreads ease lower.
- Brent NOV 22 up 1.7% at 91.38$/bbl
- WTI NOV 22 up 1.8% at 84.45$/bbl
- WTI-Brent down -0.06$/bbl at -6.93$/bbl
- Brent NOV 22-DEC 22 down -0.05$/bbl at 0.98$/bbl
- Brent DEC 22-JAN 23 down -0.02$/bbl at 1.47$/bbl
- Brent DEC 22-DEC 23 up 0.08$/bbl at 10.2$/bbl
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.