Free Trial

It has been a very quiet start to the week in...>

OIL
OIL: It has been a very quiet start to the week in oil markets as both Brent and
WTI trade marginally below Friday's settlement levels at $62/bbl and $56/bbl
respectively.
- Last week saw Brent futures shed more than $3 which saw prices fall back in to
the range seen prior to the drone attack on the Saudi oil facilities.
- CFTC data released on Friday show that despite a fall in net-long contracts
following the attacks, positioning had rebounded back by the middle of last
week.

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.