Free Trial

Crude Holds Onto Losses Post ECB

OIL

Crude is holding onto losses following the ECB’s decision to keep interest rates unchanged in line with market expectations. The front month remains above yesterday’s low driven by a WSJ headline suggesting Israel’s ground invasion will be delayed.

  • Brent DEC 23 down -2.5% at 87.85$/bbl
  • WTI DEC 23 down -3% at 82.86$/bbl
  • *ECB LEAVES MAIN REFINANCING RATE AT 4.50%; EST. 4.50%
  • *ECB LEAVES DEPOSIT FACILITY RATE AT 4.00%; EST. 4.00%

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.