Free Trial
US TSYS

Focus on Next Wk's FOMC, BOE Policy Announcements

JGB TECHS

(Z2) Support Remains Exposed

AUSSIE 10-YEAR TECHS

(Z2) Remains Vulnerable

US STOCKS

Late Equity Roundup: Late Bounce Into Triple Witching

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Crude Steady with Time Spreads Lower

OIL

Crude hovering either side of yesterday’s close with WTI still above the first technical support at 92.42$/bbl.

  • Most crude time spreads however have continued to drift lower except for the prompt Brent spreads which is finding some support. The return of supply from Libya, a smaller reduction in Russian output than expected and hopes of a slight increase from OPEC+ tomorrow are all helping to ease the tight market view.
  • The Oct 22 WTI-Brent spread is holding steady around 7.5$/bbl.
  • Brent OCT 22 up 0.2% at 100.21$/bbl
  • WTI SEP 22 up 0.1% at 94.03$/bbl
  • WTI-Brent up 0.05$/bbl at -7.56$/bbl
  • Brent OCT 22-NOV 22 down -0.15$/bbl at 1.93$/bbl
  • Brent DEC 22-DEC 23 down -0.45$/bbl at 8.63$/bbl
  • WTI SEP 22-OCT 22 down -0.16$/bbl at 1.34$/bbl
  • WTI DEC 22-DEC 23 down -0.4$/bbl at 8.51$/bbl
131 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Crude hovering either side of yesterday’s close with WTI still above the first technical support at 92.42$/bbl.

  • Most crude time spreads however have continued to drift lower except for the prompt Brent spreads which is finding some support. The return of supply from Libya, a smaller reduction in Russian output than expected and hopes of a slight increase from OPEC+ tomorrow are all helping to ease the tight market view.
  • The Oct 22 WTI-Brent spread is holding steady around 7.5$/bbl.
  • Brent OCT 22 up 0.2% at 100.21$/bbl
  • WTI SEP 22 up 0.1% at 94.03$/bbl
  • WTI-Brent up 0.05$/bbl at -7.56$/bbl
  • Brent OCT 22-NOV 22 down -0.15$/bbl at 1.93$/bbl
  • Brent DEC 22-DEC 23 down -0.45$/bbl at 8.63$/bbl
  • WTI SEP 22-OCT 22 down -0.16$/bbl at 1.34$/bbl
  • WTI DEC 22-DEC 23 down -0.4$/bbl at 8.51$/bbl