Free Trial

EIA Inventories & China Data Boost Crude, RUB

  • USD/RUB pares the opening breakout gap higher as the greenback eases slightly, supported by a firmer open in oil markets.
  • Crude notched up after EIA inventories showed a draw, and strong China data offset some concerns about demand-side factors.
  • RUB continues to be favoured by the sell-side on upside oil projections towards $65/bbl and may look to challenge 73.4459 support in today's session, provided the $ plays ball.
  • Headline risks from US sanctions on the Nord Stream 2 project today/tomorrow should be noted.
  • Sup2: 73.1217, Res1: 73.9408, Res2: 74.1755
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

To read the full story



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.