MNI BRIEF: Policy Move Eyed If Inflation Meets 2% - BOJ's Ueda

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

MNI: PBOC Sets Yuan Parity Higher At 7.1059 Tues; -5.03% Y/Y

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

CHINA SETS YUAN CENTRAL PARITY AT 7.1059 TUES VS 7.1043

MNI BRIEF: Brazil CenBank Faces Greater Uncertainty - Campos

EZ/UK T-Bill Calendar: 3/6-Month ATB Auction on Tuesday

EZ/UK Bond Supply Calendar: EU, FI Synds; IT, DE Auctions Tues

MNI: CANADA MAR INDUSTRIAL PRICES +0.8% MOM; EX-ENERGY +0.8%

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 Recovers From Earlier Losses

OIL

Crude rallies back positive on the day ahead of the JMMC and US Fed meetings tomorrow.

  • The market is balancing economic growth concerns against the optimism for Chinese oil demand and uncertainty over Russia output after new sanctions on 5 Feb.
  • Time spreads have also recovered the earlier losses and are now back close to flat on the day. The Brent March 23 contract, which expires today, is still trading down about -0.3$/bbl on the day
    • Brent APR 23 up 0.9% at 85.27$/bbl
    • WTI MAR 23 up 0.9% at 78.63$/bbl
    • Brent APR 23-MAY 23 down -0.04$/bbl at 0.32$/bbl
    • Brent MAY 23-JUN 23 down -0.02$/bbl at 0.44$/bbl
    • Brent JUN 23-DEC 23 down -0.07$/bbl at 3.01$/bbl
    • Brent DEC 23-DEC 24 up 0.02$/bbl at 4.71$/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.