MNI: Canada Mortgage Growth At Lowest Since 2001 At 3.3%

FED: POWELL TESTED POSITIVE FOR COVID-19, HAS SYMPTOMS

MNI China Daily Summary: Friday, May 17

MNI BRIEF: China Cities Must Ensure Housing Project Delivery

MNI BRIEF: PBOC Sets A New Tool To Bail Out Property Sector

MNI BRIEF: PBOC Abolishes Lower Housing Mortgage Limit

MNI: BAKER HUGHES US RIG COUNT 604; OIL RIGS 497; GAS RIGS 103

Canadians Buy Record CAD35.6B In Foreign Securities In March

MNI: FOREIGN HOLDINGS OF CANADA SECURITIES +14.4B CAD IN MAR

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 Sliding During US Hours

OIL

Crude Prices have dipped during US trading, as concerns on demand uncertainty continue to weigh on prices Meanwhile, the impact from geopolitical risk of Israel’s ground invasion into Gaza is continuing to ebb.

  • WTI DEC 23 down -1.3% at 81.23$/bbl
  • WTI DEC 23-JAN 24 down -0.12$/bbl at 0.51$/bbl
  • The demand outlook is being hampered by disappointing China Manufacturing PMI data and with concern for future potential US rate hikes next year ahead of the Fed meeting tomorrow.
  • China's official purchasing managers' index missed a forecast and dipped back below the 50-point level separating contraction from expansion.
  • OPEC oil output rose for the third straight months in October, according to a Reuters survey Oct. 31. OPEC pumped 27.9m b/d in October, the survey found, up 180k b/d in September.
  • Russia’s crude oil flows have climbed for the third consecutive week and are above the targets in their agreement with Saudi Arabia, according to Bloomberg.
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.