MNI: China Tier-one Housing Markets Likely To Stabilise

MNI BRIEF: China House Price Declines Narrow In January

MNI BRIEF: BOJ Takata Backs Gradual, Vigilant Hikes

MNI: PBOC Net Drains CNY19.1 Bln via OMO Wednesday

MNI China Press Digest Feb 19: PBOC, SAFE, Revenue

MNI: PBOC Sets Yuan Parity Higher At 7.1705 Weds; -1.10% Y/Y

RBNZ SAYS IT HAS SCOPE TO LOWER FURTHER IN 2025

MNI: RBNZ CUTS OCR 50BP TO 3.75%

MNI: UK NOV-JAN MEDIAN PAY AWARDS +3% :Brightmine

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL: Mid-Day Oil Summary: Crude Slightly Higher

OIL
BulletEnergy BulletsCommodities

Oil prices have regained some ground today, though remain near their lowest levels this year on the back of increased trade protectionism, which could limit global growth. 

  • Brent APR 25 up 0.4% at 74.91$/bbl
  • WTI MAR 25 up 0.4% at 71.34$/bbl
  • The Brent time spreads have narrowed to the lowest since early Jan suggesting an easing of tight supply concern with a surplus possible in 2025 amid low global demand growth. Supply risks from sanctions on Russia and further sanctions on Iran had driven spreads higher in mid-January.
  • Saudi Aramco sharply raised March oil prices to Asia for March in response to improving refinery margins and surging premiums of Middle East crude. Aramco raised the price of its Arab Light oil to Asia for March by $2.40/bbl to $3.9/bbl, the largest increase since August 2022.
  • Donald Trump could ultimately prove to be a bearish influence on oil market, Citigroup said, with a forecast of $60-65/bbl through H2 2025.
  • Chinese oil and gas importers are likely to try and seek waivers to try and avoid the latest retaliatory tariffs aimed at U.S. imports from Feb 10 Reuters sources report.
  • The WTI crude options skew has turned more bearish this week amid market oversupply risks in 2025 as trade protectionism could limit global growth adding to concern for soft oil demand growth in China.
216 words

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.

Oil prices have regained some ground today, though remain near their lowest levels this year on the back of increased trade protectionism, which could limit global growth. 

  • Brent APR 25 up 0.4% at 74.91$/bbl
  • WTI MAR 25 up 0.4% at 71.34$/bbl
  • The Brent time spreads have narrowed to the lowest since early Jan suggesting an easing of tight supply concern with a surplus possible in 2025 amid low global demand growth. Supply risks from sanctions on Russia and further sanctions on Iran had driven spreads higher in mid-January.
  • Saudi Aramco sharply raised March oil prices to Asia for March in response to improving refinery margins and surging premiums of Middle East crude. Aramco raised the price of its Arab Light oil to Asia for March by $2.40/bbl to $3.9/bbl, the largest increase since August 2022.
  • Donald Trump could ultimately prove to be a bearish influence on oil market, Citigroup said, with a forecast of $60-65/bbl through H2 2025.
  • Chinese oil and gas importers are likely to try and seek waivers to try and avoid the latest retaliatory tariffs aimed at U.S. imports from Feb 10 Reuters sources report.
  • The WTI crude options skew has turned more bearish this week amid market oversupply risks in 2025 as trade protectionism could limit global growth adding to concern for soft oil demand growth in China.