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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 pull back with time spreads following and the prompt spreads back into contango.
- The softening backwardation is a sign that global inventories are not as tight and weakness in the global economy could negatively impact oil demand growth
- Brent FEB 23 down -1.1% at 81.76$/bbl
- WTI JAN 23 down -1.1% at 76.11$/bbl
- Brent FEB 23-MAR 23 down -0.06$/bbl at -0.04$/bbl
- Brent MAR 23-APR 23 down -0.04$/bbl at -0.01$/bbl
- Brent JUN 23-DEC 23 down -0.03$/bbl at 1.59$/bbl
- Brent DEC 23-DEC 24 down -0.21$/bbl at 3.12$/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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