Free Trial
OPTIONS

Mostly Downside In Euribor

GLOBAL

UN Pushes For A Monetary Policy "Pivot"

OPTIONS

Larger FX Option Pipeline

US

White House Press Gaggle Underway

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 Higher on Supply Risks and Chinese Demand

OIL

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
94 words

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.

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