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Free AccessCrude Reverses Decline to Test Recent Range High
Crude reverses earlier decline to test the recent range highs around 94.3$/bbl for Brent following a softer US dollar.
- The time spreads are still down on the day with the prompt holding steady but the longer dated Dec22-Dec23 spread is following the flat price moves.
- Brent DEC 22 up 0.7% at 93.93$/bbl
- WTI DEC 22 up 1.3% at 85.7$/bbl
- Gasoil NOV 22 down -1.2% at 1069.5$/mt
- WTI-Brent up 0.36$/bbl at -8.22$/bbl
- Brent DEC 22-JAN 23 down -0.22$/bbl at 1.83$/bbl
- Brent JAN 23-FEB 23 down -0.08$/bbl at 1.7$/bbl
- Brent DEC 22-DEC 23 down -0.18$/bbl at 12.24$/bbl
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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.