Free Trial

Familiar Territory

OIL

WTI and Brent crude hover around levels observed 24 hours ago, after the space operated in a holiday shortened, lower liquidity session on Monday.

  • Monday saw INEOS' Forties pipeline experience throughput issues, which were seemingly resolved relatively early in the European day.
  • Elsewhere, Russian Energy Minister Novak pointed to his country almost completely fulfilling its production reduction as prescribed by the OPEC+ pact during the month of August.
  • A reminder that the U.S. holiday will delay both the API and DoE inventory reports by 24 hours this week (compared to their respective Tuesday evening and Wednesday timeslots).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.