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Why MNI
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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 AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Crude Holding with Demand Concerns Limiting Upside from OPEC+ Cuts
Crude drifting lower today following the rally from a low of 82.5$/bbl on Sep 26 to a peak at nearly 94.5$/bbl after the OPEC+ production cuts. Despite the OPEC cuts uncertainty over oil demand growth from economic concerns and central bank tightening combined with a slightly stronger US dollar today are limiting the upside moves.
- Crude time spreads are hovering around yesterday close levels with the Brent Dec22-Dec23 spread up from 8.2$/bbl to 12$/bbl over the last two weeks
- Brent DEC 22 down -0.3% at 93.06$/bbl
- WTI NOV 22 down -0.4% at 87.43$/bbl
- Gasoil OCT 22 down -3% at 1147$/mt
- WTI-Brent up 0.04$/bbl at -6.53$/bbl
- Brent DEC 22-JAN 23 down -0.01$/bbl at 1.75$/bbl
- Brent DEC 22-DEC 23 down -0.01$/bbl at 12.02$/bbl
To read the full story
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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.