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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 stockpiles at Cushing Oklahoma rose last week by around 213,000 barrels, marking the highest weekly increase since June, after falling to the lower since 2014 in the week prior, EIA data showed.
- Stocks at Cushing stood at 21.226mbbls as of 20 October.
- The build in Cushing inventories has weighed on WTI relative to Brent with the front-month WTI-Brent widening to -4.58$/bbl, from -4.31$/bbl earlier in the day.
- Tank storages were close to falling to the operational low of below 20mbbl in recent weeks.
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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