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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.
OIL
- Front month WTI Crude futures briefly slipping over 5% on the day, narrowing the gap with the December lows at $70.08.
- Wider financial market concerns weighing on crude as moderate gains in Europe reversed and weakness being exacerbated in recent trade. The market had found strength earlier on bullish demand sentiment in the latest OPEC monthly report as well as CPI figures falling in line with expectations.
- Analysts point to persistent concerns about demand weakness in the US, along with uncertainty about an economic rebound in China as the broader drivers of bearish sentiment.
- On the supply side – Bloomberg headlines said that production at Tengiz, Kazakhstan’s largest field has resumed. Kazakhstan’s production had been hit by as much as 200,000 bpd this month because of maintenance.
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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