MNI BRIEF: Japan Q1 GDP Revised Lower On Public Investment

MNI BRIEF: Business Inflation Expectations Solid - BOJ Tankan

MNI: China CFETS Yuan Index Up 0.07% In Week of Jun 28

MNI: PBOC Net Drains CNY48 Bln Via OMO Mon; Rates Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: PBOC Sets Yuan Parity Lower At 7.1265 Mon; -0.32% Y/Y

Daily Average Exports Hold Close To Recent Highs, Trade Surplus Firms

CHINA JUNE CAIXIN MANUFACTURING PMI 51.8 VS 51.7 IN MAY

MNI: BOJ Tankan: Sentiment Rises, Solid Capex Plans, Backs BOJ

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

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

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

Down For December, But Dips Remain Supported

OIL

Brent crude is not too far off Thursday session highs, last tracking near $83.80/bbl. We currently sit little changed for the week, but down a little over 2% for the month. Dips towards $82/bbl were supported yesterday, but we remain comfortably below earlier weekly highs around $86/bbl. WTI sits close to $78.70/bbl currently.

  • Looking ahead, official China PMI data prints tomorrow, but the market is likely to look through any downside surprises as optimism is still positive around the 2023 outlook on the shift away from CZS.
  • Next week on Tuesday Bloomberg will publish its OPEC production survey. On Wednesday US API inventories are due, followed by EIA US inventories on Thursday.
  • This weekly report, released yesterday saw a decent rise in US oil inventories, but as outlined above, dips in crude were supported through the session.
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.