Free Trial

Crude Stabilises During US Hours

OIL

Crude markets have stabilised during US hours to be near rangebound on the day. This follows a large sell-off in the European afternoon session. Trading will likely wind down as the market approaches the Christmas Holidays.

  • Fears of shipping disruptions in the Red Sea are balanced out by further scepticism that OPEC will struggle to enforce its additional supply cuts, worsened by Angola’s exit from the group.
  • WTI FEB 24 down 0% at 73.87$/bbl
  • WTI FEB 24-MAR 24 up 0.01$/bbl at -0.16$/bbl
  • WTI MAR 24-APR 24 up 0.03$/bbl at -0.09$/bbl

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.