Free Trial

Modest Gains In Asia

OIL

WTI & Brent futures added ~$0.50 overnight. Geopolitical risk surrounding Kazakhstan continues to garner attention, generating support for oil, even though there hasn’t been anything in the way of reports pointing to any meaningful disruption when it comes to the country’s crude supply. Elsewhere, Libyan crude production remains sub-par, with plenty of questions already apparent re: OPEC+’s ability to continually execute when it comes to higher output (without adjusting the country splits when it comes to quota allocations).

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.