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STIR FUTURES

BLOCK: Large 3M SOFR Fly

AUSSIE 3-YEAR TECHS

(H2) Probes Key Support

COMMODITIES

Oil Ends A Mixed Day Softer

GBPUSD TECHS

20-Day EMA Marks Support

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OIL

WTI & Brent sit ~$0.50 and ~$0.45 below their respective settlement levels, unwinding the bulk of Tuesday's gains (which were anything but one-way)

  • The sharper than expected headline crude build in the weekly inventory estimates from API is applying pressure. The headline read was accompanied by a larger than expected drawdown in gasoline stocks, an in line with expected distillate drawdown and a drawdown in stocks at the Cushing hub.
The weekly DoE inventory readings headline on Wednesday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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