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Fresh Cycle Highs For WTI

OIL

WTI & Brent crude futures have added ~$0.60 & ~$0.40 vs. their respective settlement levels, aided by the uptick in e-mini futures, weakness in broader core global FI markets and the impulse from fresh cycle highs in WTI on Thursday (which have been extended on overnight, with $91.00 now within touching distance). Note that WTI futures are on track for a seventh consecutive weekly gain, with questions continuing to do the rounds re: the ability of certain OPEC+ production pact participants to act on their increased output quotas.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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