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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
Outright crude relatively unchanged despite a total commercial and SPR draw of 9.7mbbl.
- Crude exports dip slightly but remain high and imports below 5-year range.
- Build in gasoline and distillate sending cracks lower again
- Cushing stocks draw again to lowest since Oct 2014
- US production higher and now above 12mbpd after hovering just below most of the year so far.
- Brent AUG 22 up 0.8% at 118.98$/bbl
- WTI AUG 22 up 0.8% at 112.64$/bbl
- Gasoil JUL 22 up 1.2% at 1233$/mt
- WTI-Brent down -0.06$/bbl at -6.37$/bbl
- gasoline crack down -0.3$/bbl at 46.87$/bbl
- US ULSD crack down -1.1$/bbl at 59.39$/bbl
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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