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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 inventories at Cushing rose to the highest since April at 28.16mbbls in the weekly EIA data released today. The build is on the back on steady imports from Canada and relatively low PADD 2 refinery utilisation.
- The WTI-Brent spread remains steady after the EIA data but has closed in from -8.5$/bbl to -7.3$/bbl over the last week as SPR releases have reduced. The SPR fell -1.9mbbls this week compared weekly draws of between about -6mbbls and -8mbbls during September.
Source: MNI / EIA
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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