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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
Crude time spreads resume the push higher after correction yesterday
- The market remains tight with Chinese demand potentially picking back up as they ease lockdown restrictions and as Europe moves away from Russian oil before the end of the year.
- European crude inventories are near normal for the time of year, but US are still 4% lower than the bottom of the 5-year range.
- Brent AUG 22-SEP 22 up 0.16$/bbl at 3.18$/bbl
- Brent SEP 22-OCT 22 up 0.16$/bbl at 2.81$/bbl
- Brent DEC 22-DEC 23 up 0.25$/bbl at 14.59$/bbl
- WTI JUL 22-AUG 22 up 0.09$/bbl at 2.85$/bbl
- WTI AUG 22-SEP 22 up 0.12$/bbl at 3.13$/bbl
- WTI DEC 22-DEC 23 up 0.17$/bbl at 15.01$/bbl
Source: Bloomberg
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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