MNI: PBOC Net Injects CNY69.1 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1935 Weds; +0.09% Y/Y

CHINA PBOC CONDUCTS CNY302.1 BLN VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1935 WEDS VS 7.1911

MNI BRIEF: China Nov LPR Holds Steady

MNI CBRT WATCH: Rates To Hold As Inflation Forecast Raised

Japan Oct Exports +3.1% Y/Y; Imports +0.4% Y/Y

MNI: UK AUG-OCT MEDIAN PAY AWARDS +4% :Brightmine

MNI: JAPAN OCT EXPORTS +3.1% Y/Y; SEPT -1.7%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Mid-Day Oil Summary: Crude Holding Ground

OIL

Crude prices are largely holding up Wednesday’s gains, supported by Middle East escalations and a solid draw for U.S. stockpiles in the latest EIA report.

  • Brent OCT 24 down 0% at 78.31$/bbl
  • WTI SEP 24 up 0.1% at 75.34$/bbl
  • Markets remain on edge until they see the likely Iranian response towards Israel following the killing of senior members of militant groups Hamas and Hezbollah last week.
  • The EIA reported a U.S. crude stockpile draw of 3.7mn bpd in Wednesday’s report
  • Libya’s National Oil Company declared force majeure on the Sharara oilfield – the country’s biggest - from Tuesday following sources led stories by Bloomberg on Monday declaring its shutdown. The field has a capacity of 300,000 bpd.
  • Oil could bounce to the low-to-mid-$80’s after the recent sell off according to Citi analysts in a research note Wednesday, citing geopolitical tensions and weather.
  • Oils fundamentals remain table despite macro fears according to Energy Aspects director of research Amrita Sen speaking with Bloomberg TV.
Energy BulletsHomepagemarkets-real-timeBulletCommodities
Energy BulletsHomepagemarkets-real-timeBulletCommodities

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.