MNI BRIEF: Commodities An Obstacle To Rate Cuts: World Bank

MNI BRIEF: Canada Firms' Price Plans Jump In April- CFIB

MNI BRIEF: Commodities Likely To Hurt Disinflation- World Bank

MNI CBRT WATCH: Turkey CenBank Holds After "Significant" Hike

MNI China Daily Summary: Thursday, April 25

MNI BRIEF: China Opposes Accusations Of Overcapacity - MofCom

US Treasury Auction Calendar

US EIA:NAT GAS STORAGE +92 BCF TO 2,425 BCF APR 19 WK

MNI: US NAR MAR PENDING HOME SALES INDEX 78.2 V 75.6 IN FEB

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Differing Views on Oil Price Direction

OIL

Higher consumer prices are required to balance the oil market according to a note from Goldman Sachs while Citigroup warned prices could fall below 70$/bbl.

  • Goldman Sachs said that the odds of a recession are rising but “it is premature for the oil market to be succumbing to such concerns. The global economy is still growing with the rise in oil demand this year set to significantly outperform GDP growth.”
  • The note said that the current oil deficit remains unresolved with demand destruction through high prices the only solution to critically low inventories.
  • In a global commodities report Citigroup suggested commodities have peaked but prices should remain high in the second half of the year and a recession could result in lower levels.
Energy BulletsCommodities
Energy BulletsCommodities

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.