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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.
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Free AccessExtremely flat trade for Crude Oil in the.......>
OIL: Extremely flat trade for Crude Oil in the Asia-Pac session, moving within a
$0.14 range, last at $51.81.
- On the overnight Crude Oil surged to peak at around $52.37, levels last seen
at the end of September, Barclays said: "Crude oil prices surged higher as Iraqi
forces clashed with Kurdish forces as they tried to regain control of the
northern region. According to reports, Iraqi Kurds have halted output at two
areas due to the conflict. Iraqiya television has also reported that government
forces have captured a refinery, gas plant and other facilities. The Kurdish
region produces between 0.5-0.6mb/d of oil, which is exported via a pipeline
through the Turkish port of Ceyhan. This comes as the market was also concerned
about potential supply-side disruptions after President Trump failed to certify
the Iran nuclear agreement. That raises the risk of Iran oil exports coming
under scrutiny once again."
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.