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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI US Macro Weekly: Politics To The Fore
MNI Credit Weekly: Le Vendredi Noir
Demand Concerns Pushing Crude Lower
Outright crude oil prices and long dated time spreads are drifting lower with concerns for future demand but prompt spreads remain steady due to the tight physical market.
- Gasoline cracks are following the crude down on the day but diesel cracks continue to slowly rise.
- WTI is moving quicker than Brent as the spread falls back below -6$/bbl having recovered to nearly -5.1$/bbl later last week.
- Brent SEP 22 down -2.1% at 104.82$/bbl
- WTI AUG 22 down -2.5% at 101.51$/bbl
- WTI-Brent down -0.28$/bbl at -6.14$/bbl
- Brent SEP 22-OCT 22 up 0.05$/bbl at 3.5$/bbl
- Brent DEC 22-DEC 23 down -0.61$/bbl at 10.11$/bbl
- US 321 crack down -0.3$/bbl at 45.67$/bbl
- US gasoline crack down -1.2$/bbl at 40.35$/bbl
- US ULSD crack up 1.7$/bbl at 56.31$/bbl
To read the full story
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Please enter your details below.
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.