© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
GILTS

Quarterly Consultation Details

US 10YR FUTURE TECHS

‌‌(U2)‌‌ Recoups Friday Losses

EMERGING MARKETS

EM Financial Conditions Easing After Sharp Tightening (1/2)

EMERGING MARKETS

EM Financial Conditions Easing After Sharp Tightening (2/2)

PIPELINE

High-Grade Issuers Return

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

Flat Price Crude and Spreads Lower Before OPEC+ Meeting

OIL
BulletEnergy BulletsCommodities

Crude trading down on the day with Brent back below 100$/bbl. The WTI-Brent spreads has closed slightly towards -7$/bbl with Brent down more than WTI.

  • Both Brent and WTI time spreads continue to fall. Expectation is for little or no extra supply from the OPEC+ meeting this afternoon. Any increase in production from the group could add to the momentum and help flatten backwardation further. The WTI 1-6 and 1-12 spreads is now trading at the lowest since early April.
  • Brent OCT 22 down -1% at 99.5$/bbl
  • WTI SEP 22 down -1% at 93.52$/bbl
  • WTI-Brent down -0.01$/bbl at -7.09$/bbl
  • Brent OCT 22-NOV 22 down -0.18$/bbl at 1.72$/bbl
  • Brent DEC 22-DEC 23 down -0.71$/bbl at 7.95$/bbl
  • WTI SEP 22-OCT 22 down -0.09$/bbl at 1.11$/bbl
  • WTI DEC 22-DEC 23 down -0.59$/bbl at 8.09$/bbl
131 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Crude trading down on the day with Brent back below 100$/bbl. The WTI-Brent spreads has closed slightly towards -7$/bbl with Brent down more than WTI.

  • Both Brent and WTI time spreads continue to fall. Expectation is for little or no extra supply from the OPEC+ meeting this afternoon. Any increase in production from the group could add to the momentum and help flatten backwardation further. The WTI 1-6 and 1-12 spreads is now trading at the lowest since early April.
  • Brent OCT 22 down -1% at 99.5$/bbl
  • WTI SEP 22 down -1% at 93.52$/bbl
  • WTI-Brent down -0.01$/bbl at -7.09$/bbl
  • Brent OCT 22-NOV 22 down -0.18$/bbl at 1.72$/bbl
  • Brent DEC 22-DEC 23 down -0.71$/bbl at 7.95$/bbl
  • WTI SEP 22-OCT 22 down -0.09$/bbl at 1.11$/bbl
  • WTI DEC 22-DEC 23 down -0.59$/bbl at 8.09$/bbl