MNI BRIEF: New Powers For UK Fiscal Body As Spending Overshot

MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

EZ/UK T-Bill Calendar: Belgium Nov 7, 2024 Short TC Due Tuesday

EZ/UK Bond Supply Calendar: Italy, UK Auction on Tuesday

BoE Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Crude Holds Positive but Time Spreads Lower Ahead of EIA Stocks

OIL

Crude markets are holding just above previous close levels although time spreads are still down on the day with concern for future oil demand growth offsetting near term tighter supplies.

  • Technicals suggest the crude outlook is still bearish with resistance for Brent at 77.15$/bbl and support at 71.28$/bbl.
  • The EIA weekly petroleum inventory data is due for release later today at 10:30ET (15:30BST). US inventories of crude, gasoline and distillates are expected to show small draws this week with an increase in refinery utilisation according to a Bloomberg survey.
    • Brent JUL 23 up 0.1% at 75$/bbl
    • WTI JUN 23 up 0.1% at 70.9$/bbl
    • WTI-Brent up 0.01$/bbl at -4.05$/bbl
    • Brent JUL 23-AUG 23 down -0.04$/bbl at 0.15$/bbl
    • Brent DEC 23-DEC 24 down -0.08$/bbl at 2.45$/bbl
Energy BulletsCommodities
Energy BulletsCommodities

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.