MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Crude Rallies But Still Down on the Day

OIL

Crude oil is recovering slightly with Brent up 1$/bbl from a low of 81.89$/bbl on the day but still down on the day.

  • Front month Brent is trading near levels seen early last week before the rally caused by supply outages and the announcement of a Russian production cut in March.
  • Concern for further central bank tightening and a stronger US dollar are pushing prices lower assisted by the expected return to normal operations at the Ceyhan export terminal in Turkey by the end of this week.
    • Brent APR 23 down -2.5% at 82.98$/bbl
    • WTI MAR 23 down -2.9% at 76.2$/bbl
    • WTI-Brent down -0.17$/bbl at -6.53$/bbl
    • Brent APR 23-MAY 23 down -0.03$/bbl at 0.31$/bbl
    • Brent JUN 23-DEC 23 down -0.25$/bbl at 2.45$/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.