MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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

Energy Complex Solid, But Demand Spotty

COMMODITIES
  • WTI and Brent crude futures firmed for a third session Wednesday, as markets continue to price in the growing likelihood of an economic recovery in the latter half of 2021. Markets boost futures prices across the curve Wednesday, with all contacts out to Jul-25 now north of $54/bbl.
  • Saudi Arabia's official selling prices showed further inconsistency of demand, however, with oil headed to the US seeing prices tick higher, while crude headed to Europe and Asia had prices cut.
  • Weekly DoE numbers were further supportive for prices, showing an expectedly large draw of close to 8mln bbls, while refinery utilization ticked higher by 1.1%.
  • Gold shrugged off early losses, while silver continues to lag. This corrects the pressure seen in the gold/silver ratio throughout April and in the early few sessions of May.
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.