CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Diesel Higher Before Updated EIA Stock Data

OIL PRODUCTS

Diesel crack spreads continue to recover ahead of the EIA data release later today.

  • Weak EIA demand data has driven the cracks lower since late August but the spreads have seen some support in the last week. Stocks are still very low and the EU ban on Russia crude and products could adding to tight global supplies.
  • The US EIA is expected to report small builds in crude, gasoline and distillates as well as a fall in refinery utilisation although API data last night showed a small draw in gasoline.
    • Brent NOV 22-DEC 22 down -0.13$/bbl at 1.27$/bbl
    • Brent DEC 22-JAN 23 down -0.04$/bbl at 1.72$/bbl
    • Brent DEC 22-DEC 23 up 0.19$/bbl at 10.04$/bbl
    • US gasoline crack down -0.7$/bbl at 20.46$/bbl
    • US ULSD crack up 1.9$/bbl at 56.09$/bbl
USEnergy BulletsHomepageBulletCommodities
USEnergy BulletsHomepageBulletCommodities

To read the full story

Close

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.