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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.
OIL
Crude futures rally from the small decline earlier today but front time spreads remain weak.
- The prompt time are still in contango suggesting ample near term supplies due to weak demand. The WTI 1-2 prompt spread is currently trading at the lowest since late 2020.
- Brent MAR 23 up 0.4% at 79.96$/bbl
- WTI FEB 23 up 0.6% at 75.06$/bbl
- WTI-Brent down -0.06$/bbl at -4.64$/bbl
- Brent MAR 23-APR 23 down -0.06$/bbl at -0.3$/bbl
- Brent APR 23-MAY 23 down -0.04$/bbl at -0.04$/bbl
- Brent JUN 23-DEC 23 up 0.07$/bbl at 1.65$/bbl
- WTI FEB 23-MAR 23 unchanged at -0.29$/bbl
- WTI MAR 23-APR 23 unchanged at -0.25$/bbl
- WTI JUN 23-DEC 23 up 0.05$/bbl at 1.38$/bbl
Source: Bloomberg
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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