MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BRIEF: Trump Likely To Allow Powell To Serve Term - Moore

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Crude Rebounding But Remains Lower on Day

OIL

Crude remains down on the day but has erased some of its losses after data from Baker Hughes showed a second consecutive week of falling US rig counts.

  • WTI FEB 24 down -0.7% at 73.71$/bbl
  • WTI-Brent down -0.09$/bbl at -5.43$/bbl
  • WTI FEB 24-MAR 24 up 0.07$/bbl at -0.16$/bbl
  • WTI MAR 24-APR 24 up 0.06$/bbl at -0.11$/bbl
  • US total oil and gas rig counts fell by 3 to 620, according to Baker Hughes Dec. 21. Total US oil rigs fell by 3 on the week to 498.
  • Angola’s announcement that it was leaving OPEC has raised questions about the ability of the group to enforce its planned additional output cuts, which has been weighing on prices during the day.
  • Shortly after the meeting, Angola’s OPEC governor Estevao Pedro said the country is not planning to stick to its new OPEC+ quota of 1.11mbpd for 2024 and will instead produce 1.18mbpd.
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.