Free Trial

Crude Slips on China Virus Concerns, Dragging RUB Weaker

RUSSIA
  • USD/RUB opens higher on the back of a firmer greenback and weaker oil markets.
  • Brent futures slipped back below $56 during the Asia session as rising Chinese Covid cases heighten demand-side concerns for traders.
  • EIA report will be in focus today (was delayed two days) following a surprise API build this week, with another build likely to dent sentiment.
  • Sanctions talk from the EU & US also dampening RUB optimism.
  • Res1: 74.5208, Res2: 74.2965, Sup1: 74.1755, Sup2: 73.9016
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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.