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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 relatively unchanged and cracks just slightly lower after EIA show an unexpected large build of 8.85mbbls crude inventories
- Crude production was unchanged but refining utilization fell, exports fell and imports increased
- Implied gasoline and distillate demand increased marginally but the 4-week average remains down at 2020 levels.
- Distillate and gasoline stocks showed small builds with exports still high
- Brent NOV 22 up 1.1% at 88.95$/bbl
- WTI OCT 22 up 1.8% at 83.41$/bbl
- WTI-Brent up 0.22$/bbl at -6.01$/bbl
- Brent NOV 22-DEC 22 up 0.13$/bbl at 0.92$/bbl
- Brent DEC 22-DEC 23 up 0.58$/bbl at 8.35$/bbl
- US gasoline crack down -0.7$/bbl at 14.33$/bbl
- US ULSD crack down -2.9$/bbl at 64.87$/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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