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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
Increasing time spreads have pushed Brent curve backwardation steeper over the last week.
- Easing sentiment for crude supply had pushed time spreads to the lowest since Feb but they have strengthened in recent days.
- Delays to a potential Iranian nuclear deal and comments from OPEC+ suggesting production cuts would be possible at their next meeting on Sep 5 have given support to the spreads.
- Brent OCT 22 up 1.4% at 97.79$/bbl
- WTI OCT 22 up 1.6% at 91.84$/bbl
- Brent OCT 22-NOV 22 up 0.03$/bbl at 0.7$/bbl
- Brent DEC 22-DEC 23 up 0.16$/bbl at 8.09$/bbl
Source: BloombergWhy 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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