-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
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.
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 AccessCrude Holding Weekly Gain Ahead of Oil Inventory Data
Crude is slightly softer today but still near the top end of the range seen in the last couple of months with support from OPEC+ member production cuts but with upside limited by economic uncertainty.
- Brent SEP 23 down -0.2% at 76.49$/bbl
- WTI AUG 23 up 0% at 71.8$/bbl
- Gasoil JUL 23 down -0.3% at 736.75$/mt
- WTI-Brent up 0.06$/bbl at -4.62$/bbl
- Brent front month has rallied from a low of around 71.6$/bbl on 28 June up to a peak of nearly 77$/bbl yesterday.
- Recent data from China has provided further evidence that the recovery is looking lacklustre while persistent inflation is leading to the potential for further central bank tightening. FOMC minutes yesterday showed that most members think rates will need to rise further.
- API data last night showed another draw in crude with builds in crude inventories. A big draw in inventories last week caused a price rally as the market watches for signs of tightening supplies into the second half of the year.
- Brent SEP 23-OCT 23 up 0.01$/bbl at 0.25$/bbl
- Brent DEC 23-DEC 24 down -0.02$/bbl at 3.06$/bbl
- The prompt Brent time spread is holding onto gains seen in the last week with support from the tighter supplies after seeing the spread fall into contango for a short while last week. The WTI Aug-Sep spread remains in contango. Backwardation in the remainder of the curve has also strengthening over the last week in line with the upside moves in the flat price futures.
- Gasoline crack spreads eases lower yesterday while diesel spreads edged higher ahead of the latest EIA inventory data today. Spreads have held relatively stable over the last couple of weeks with support from low inventories offsetting weak demand concerns.
- US gasoline crack down -0.2$/bbl at 33.79$/bbl
- US ULSD crack down -0.2$/bbl at 32.87$/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.