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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.
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Free AccessMNI: PBOC Net Drains CNY227 Bln via OMO Wednesday
MNI BRIEF: Aussie Q3 GDP Prints At 0.3% Q/Q
Crude Pulls Back With Stronger US Dollar
Crude market erases earlier gains driven by a strong US dollar with market uncertainty over both supply and demand.
- Brent is back trading negative on the day while WTI is falling faster with concern for US growth. The WTI-Brent spread is down to around -6.4$/bbl from about 5.9$/bbl on Friday last week.
- The curve backwardation has softened with the prompt spread back near to flat on the day while longer term spreads also trading below previous close levels.
- Brent APR 23 down -0.3% at 79.7$/bbl
- WTI MAR 23 down -0.7% at 72.88$/bbl
- WTI-Brent down -0.26$/bbl at -6.45$/bbl
- Brent APR 23-MAY 23 up 0.03$/bbl at 0.26$/bbl
- Brent JUN 23-DEC 23 down -0.09$/bbl at 2.21$/bbl
- Brent DEC 23-DEC 24 down -0.13$/bbl at 3.56$/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.