Free Trial

Crude Hits a Multi-month High as Markets Buoyant Globally

COMMODITIES

Echoing the sentiment seen across equity and fixed income markets, energy products rallied Tuesday, with WTI and Brent crude futures adding to recent gains and reach new mulit-month highs. WTI crude futures rose above the $45/bbl mark for the first time since March.

Spot gold fell sharply, extending the week's losses to close to $75/oz. This narrows sharply the gap with spot gold and nearest major support at the $1797.13 200-dma - a level last crossed in March.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.